Mirabella Financial Services LLP Has $1.35 Million Stock Holdings in MercadoLibre, Inc. $MELI

Mirabella Financial Services LLP decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 96.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 513 shares of the company’s stock after selling 14,867 shares during the period. Mirabella Financial Services LLP’s holdings in MercadoLibre were worth $1,347,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bison Wealth LLC bought a new position in shares of MercadoLibre during the fourth quarter worth approximately $206,000. Arkadios Wealth Advisors acquired a new position in MercadoLibre in the 1st quarter valued at $211,000. Commonwealth Equity Services LLC increased its position in MercadoLibre by 6.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 8,985 shares of the company’s stock worth $17,529,000 after buying an additional 582 shares during the period. Empower Advisory Group LLC lifted its holdings in shares of MercadoLibre by 1.0% during the first quarter. Empower Advisory Group LLC now owns 694 shares of the company’s stock worth $1,354,000 after buying an additional 7 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in shares of MercadoLibre by 37.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock valued at $43,000 after acquiring an additional 6 shares during the period. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MELI. Benchmark lowered their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Susquehanna dropped their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. Morgan Stanley increased their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,848.82.

MercadoLibre Stock Up 0.9%

MELI stock opened at $2,139.56 on Friday. The stock’s 50 day moving average is $2,154.49 and its 200-day moving average is $2,338.41. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The firm has a market capitalization of $108.48 billion, a PE ratio of 52.21, a P/E/G ratio of 1.52 and a beta of 1.42. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55.

MercadoLibre (NASDAQ:MELI) last released 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 net margin of 7.93% and a return on equity of 39.03%. The firm had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the previous year, the business earned $7.83 earnings per share. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

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.