MercadoLibre, Inc. $MELI Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 79.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133 shares of the company’s stock after selling 504 shares during the period. Csenge Advisory Group’s holdings in MercadoLibre were worth $225,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in MercadoLibre during the second quarter worth $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter worth $26,000. Transamerica Financial Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $26,000. Purpose Unlimited Inc. purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of MercadoLibre during the third quarter valued at $35,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.0%

MELI opened at $1,922.73 on Friday. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The business has a 50-day moving average of $1,793.05 and a two-hundred day moving average of $1,775.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market capitalization of $97.48 billion, a price-to-earnings ratio of 52.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. During the same period in the prior year, the firm posted $10.31 EPS. The company’s revenue was up 49.8% on a year-over-year basis. On average, research analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a research note on Thursday, July 2nd. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Barclays lowered their target price on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,272.00.

About MercadoLibre

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.