Andra AP fonden Cuts Stake in Mercadolibre Inc (NASDAQ:MELI)

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Andra AP fonden lessened its position in shares of Mercadolibre Inc (NASDAQ:MELI) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,900 shares of the company’s stock after selling 500 shares during the period. Andra AP fonden’s holdings in Mercadolibre were worth $3,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bartlett & Co. LLC acquired a new position in Mercadolibre during the 3rd quarter worth approximately $26,000. Reilly Financial Advisors LLC grew its holdings in Mercadolibre by 64.5% during the 3rd quarter. Reilly Financial Advisors LLC now owns 51 shares of the company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Lindbrook Capital LLC acquired a new position in Mercadolibre during the 3rd quarter worth approximately $28,000. NEXT Financial Group Inc grew its holdings in Mercadolibre by 104.3% during the 2nd quarter. NEXT Financial Group Inc now owns 47 shares of the company’s stock worth $29,000 after acquiring an additional 24 shares in the last quarter. Finally, Emerald Investment Partners LLC acquired a new position in Mercadolibre during the 2nd quarter worth approximately $37,000. Institutional investors own 81.16% of the company’s stock.

Shares of Mercadolibre stock opened at $580.00 on Tuesday. The company has a fifty day simple moving average of $540.09 and a 200-day simple moving average of $585.03. Mercadolibre Inc has a 12-month low of $257.52 and a 12-month high of $698.98. The company has a current ratio of 2.73, a quick ratio of 2.72 and a debt-to-equity ratio of 0.38. The stock has a market cap of $27.77 billion, a price-to-earnings ratio of -707.32 and a beta of 1.63.

Mercadolibre (NASDAQ:MELI) last issued its earnings results on Thursday, October 31st. The company reported ($2.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($2.97). Mercadolibre had a negative net margin of 5.87% and a negative return on equity of 1.29%. The company had revenue of $603.03 million during the quarter, compared to analyst estimates of $588.23 million. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s quarterly revenue was up 69.7% on a year-over-year basis. On average, analysts forecast that Mercadolibre Inc will post -1.15 earnings per share for the current fiscal year.

Several research firms have commented on MELI. BidaskClub upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating in a report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Mercadolibre from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $563.00 to $750.00 in a report on Tuesday, August 13th. Goldman Sachs Group set a $713.00 price target on shares of Mercadolibre and gave the stock a “buy” rating in a report on Tuesday, September 10th. Citigroup upgraded shares of Mercadolibre from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $609.00 to $729.00 in a report on Thursday, August 8th. Finally, ValuEngine cut shares of Mercadolibre from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $657.56.

About Mercadolibre

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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