EFG International AG Has $26.92 Million Stake in MercadoLibre, Inc. $MELI

EFG International AG trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 5.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,847 shares of the company’s stock after selling 947 shares during the quarter. EFG International AG’s holdings in MercadoLibre were worth $26,918,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bison Wealth LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at $206,000. Empowered Funds LLC lifted its stake in MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares in the last quarter. Focus Partners Wealth lifted its stake in MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after acquiring an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre during the 2nd quarter worth about $261,000. Finally, Gamco Investors INC. ET AL boosted its position in MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley lowered their target price on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective on the stock. in a research note on Friday, May 8th. Finally, Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,272.00.

Get Our Latest Report on MercadoLibre

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,997.00 on Wednesday. The business’s 50-day moving average price is $1,805.54 and its two-hundred day moving average price is $1,771.87. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50. The company has a market capitalization of $101.25 billion, a P/E ratio of 54.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The business’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period last year, the business earned $10.31 EPS. Analysts anticipate that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

About MercadoLibre

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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