Integrated Advisors Network LLC Decreases Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Integrated Advisors Network LLC lowered its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 72.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185 shares of the company’s stock after selling 481 shares during the period. Integrated Advisors Network LLC’s holdings in MercadoLibre were worth $361,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MELI. Human Investing LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth about $26,000. Park Square Financial Group LLC purchased a new stake in MercadoLibre in the 4th quarter worth about $26,000. Covestor Ltd bought a new stake in MercadoLibre in the fourth quarter worth about $27,000. Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $32,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $37,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MELI. Benchmark cut MercadoLibre from a “buy” rating to a “cautious” rating in a report on Thursday, May 1st. Barclays boosted their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research note on Monday, June 2nd. The Goldman Sachs Group boosted their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,632.50.

MercadoLibre Stock Up 0.1%

Shares of NASDAQ MELI opened at $2,371.98 on Friday. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88. The stock’s fifty day simple moving average is $2,340.95 and its two-hundred day simple moving average is $2,074.58. The stock has a market capitalization of $120.25 billion, a PE ratio of 62.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the business posted $6.78 EPS. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.