Janus Henderson Group PLC trimmed its position in Mercadolibre Inc (NASDAQ:MELI) by 18.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 198,011 shares of the company’s stock after selling 43,511 shares during the quarter. Janus Henderson Group PLC owned approximately 0.44% of Mercadolibre worth $67,417,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Mercadolibre by 79.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 408 shares of the company’s stock valued at $139,000 after purchasing an additional 181 shares during the period. Financial Gravity Wealth Inc. raised its holdings in shares of Mercadolibre by 151.3% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 671 shares of the company’s stock valued at $193,000 after purchasing an additional 404 shares during the period. HMS Capital Management LLC bought a new stake in shares of Mercadolibre in the 2nd quarter valued at about $211,000. Wagner Bowman Management Corp bought a new stake in shares of Mercadolibre in the 3rd quarter valued at about $214,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Mercadolibre in the 3rd quarter valued at about $234,000. 91.40% of the stock is currently owned by institutional investors.
MELI has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on shares of Mercadolibre from $360.00 to $380.00 and gave the company a “hold” rating in a report on Thursday, August 9th. Barclays upped their target price on shares of Mercadolibre from $365.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Credit Suisse Group dropped their target price on shares of Mercadolibre from $425.00 to $420.00 and set an “outperform” rating on the stock in a report on Thursday, August 9th. ValuEngine raised shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research cut shares of Mercadolibre from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Mercadolibre currently has an average rating of “Buy” and an average price target of $362.62.
Shares of MELI opened at $357.99 on Friday. Mercadolibre Inc has a 52 week low of $266.21 and a 52 week high of $417.91. The stock has a market capitalization of $15.63 billion, a P/E ratio of 141.50 and a beta of 1.96. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 1.62.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 1st. The company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.13). Mercadolibre had a negative net margin of 7.04% and a negative return on equity of 9.47%. The company had revenue of $355.30 million during the quarter, compared to analyst estimates of $352.75 million. During the same quarter last year, the company posted $0.63 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Equities analysts expect that Mercadolibre Inc will post -0.99 earnings per share for the current year.
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MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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