MercadoLibre, Inc. $MELI Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 95.6% in the second quarter, Holdings Channel.com reports. The fund owned 26 shares of the company’s stock after selling 561 shares during the quarter. Anchor Investment Management LLC’s holdings in MercadoLibre were worth $68,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bison Wealth LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $206,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in MercadoLibre in the 1st quarter worth about $259,000. Vestmark Advisory Solutions Inc. acquired a new stake in MercadoLibre during the 1st quarter worth about $390,000. Raymond James Financial Inc. lifted its stake in MercadoLibre by 20.1% during the first quarter. Raymond James Financial Inc. now owns 49,517 shares of the company’s stock valued at $96,601,000 after buying an additional 8,274 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in MercadoLibre during the first quarter valued at about $293,000. 87.62% of the stock is owned by institutional investors.

Insider Transactions at MercadoLibre

In related news, Director Henrique Vasoncelos Dubugras sold 845 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $2,028.14, for a total value of $1,713,778.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stelleo Tolda sold 246 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total value of $503,778.48. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,136 shares of company stock worth $2,308,788. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MELI. Weiss Ratings reissued a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Benchmark reduced their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Wedbush raised their target price on MercadoLibre from $2,700.00 to $2,800.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Finally, Dbs Bank raised MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. One equities research 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’s stock. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,848.82.

MercadoLibre Stock Down 2.4%

MercadoLibre stock opened at $1,966.76 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The firm’s fifty day simple moving average is $2,117.39 and its 200-day simple moving average is $2,309.16. The company has a market capitalization of $99.71 billion, a P/E ratio of 47.99, a P/E/G ratio of 1.50 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The business had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The company’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.83 earnings per share. Sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Company 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.