MercadoLibre, Inc. $MELI Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,578 shares of the company’s stock after selling 567 shares during the quarter. MercadoLibre makes up about 1.2% of Trillium Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Trillium Asset Management LLC’s holdings in MercadoLibre were worth $45,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cherry Creek Investment Advisors Inc. acquired a new position in MercadoLibre during the 2nd quarter valued at approximately $210,000. Main Street Research LLC boosted its position in MercadoLibre by 3.1% during the 2nd quarter. Main Street Research LLC now owns 15,728 shares of the company’s stock worth $41,107,000 after acquiring an additional 480 shares during the period. FWG Holdings LLC boosted its position in MercadoLibre by 4.8% during the 2nd quarter. FWG Holdings LLC now owns 304 shares of the company’s stock worth $728,000 after acquiring an additional 14 shares during the period. Jacobson & Schmitt Advisors LLC boosted its position in MercadoLibre by 23.6% during the 2nd quarter. Jacobson & Schmitt Advisors LLC now owns 4,953 shares of the company’s stock worth $12,945,000 after acquiring an additional 946 shares during the period. Finally, Oakwell Private Wealth Management LLC acquired a new stake in MercadoLibre in the second quarter worth about $264,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Down 0.5%

MercadoLibre stock opened at $2,305.69 on Wednesday. The firm has a market capitalization of $116.89 billion, a PE ratio of 56.26, a P/E/G ratio of 1.56 and a beta of 1.51. The company’s 50-day moving average is $2,306.76 and its 200-day moving average is $2,377.66. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The business had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period last year, the firm earned $7.83 EPS. MercadoLibre’s quarterly revenue was up 39.5% compared to the same quarter last year. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $2,800.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Cantor Fitzgerald cut their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Wedbush upped their price objective on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Barclays increased their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and an average target price of $2,822.35.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, 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, as well as allows users to transfer money through their websites or on the apps.