MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 308 shares of the company’s stock after selling 8 shares during the period. LVW Advisors LLC’s holdings in MercadoLibre were worth $466,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Morgan Stanley boosted its stake in MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after purchasing an additional 236,744 shares during the period. WCM Investment Management LLC raised its position in MercadoLibre by 74.8% during the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after buying an additional 497,535 shares during the last quarter. Capital International Investors raised its position in MercadoLibre by 0.4% during the 4th quarter. Capital International Investors now owns 1,037,070 shares of the company’s stock worth $1,630,740,000 after buying an additional 4,317 shares during the last quarter. Capital World Investors raised its position in MercadoLibre by 13.3% during the 4th quarter. Capital World Investors now owns 750,720 shares of the company’s stock worth $1,179,787,000 after buying an additional 88,359 shares during the last quarter. Finally, Norges Bank purchased a new position in MercadoLibre during the 4th quarter worth $554,386,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MELI. Wedbush restated an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday, May 3rd. New Street Research downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target for the company in a report on Tuesday, April 23rd. UBS Group cut their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and increased their price target for the company from $1,400.00 to $2,100.00 in a report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,881.92.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $1,597.60 on Tuesday. The firm has a 50 day simple moving average of $1,616.76 and a 200-day simple moving average of $1,607.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. The firm has a market cap of $81.00 billion, a PE ratio of 71.05, a P/E/G ratio of 1.20 and a beta of 1.60. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The company’s revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.97 earnings per share. On average, equities analysts expect that MercadoLibre, Inc. will post 33.81 EPS for the current 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.