Moody National Bank Trust Division Decreases Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Moody National Bank Trust Division lowered its stake in MercadoLibre, Inc. (NASDAQ:MELIGet Rating) by 59.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 825 shares of the company’s stock after selling 1,194 shares during the period. Moody National Bank Trust Division’s holdings in MercadoLibre were worth $526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank N A MO raised its holdings in shares of MercadoLibre by 550.0% in the first quarter. UMB Bank N A MO now owns 26 shares of the company’s stock worth $31,000 after buying an additional 22 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of MercadoLibre in the first quarter worth $31,000. San Luis Wealth Advisors LLC acquired a new stake in shares of MercadoLibre in the first quarter worth $31,000. CVA Family Office LLC acquired a new stake in shares of MercadoLibre in the first quarter worth $32,000. Finally, Corsicana & Co. acquired a new stake in shares of MercadoLibre in the first quarter worth $36,000. Hedge funds and other institutional investors own 89.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Credit Suisse Group increased their price objective on shares of MercadoLibre from $1,430.00 to $1,470.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of MercadoLibre from $1,300.00 to $1,350.00 in a research note on Monday, August 8th. KGI Securities assumed coverage on shares of MercadoLibre in a research note on Monday, June 6th. They issued an “outperform” rating on the stock. Barclays dropped their price target on shares of MercadoLibre from $1,500.00 to $1,250.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Finally, Stifel Nicolaus dropped their price target on shares of MercadoLibre from $1,200.00 to $1,000.00 in a research report on Friday, July 15th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and a consensus price target of $1,388.18.

MercadoLibre Stock Down 4.8 %

Shares of NASDAQ MELI opened at $919.11 on Monday. The company’s 50-day simple moving average is $876.78 and its 200-day simple moving average is $899.94. MercadoLibre, Inc. has a 52-week low of $600.68 and a 52-week high of $1,913.77. The firm has a market cap of $46.27 billion, a price-to-earnings ratio of 194.32 and a beta of 1.63. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 1.59.

MercadoLibre (NASDAQ:MELIGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.75. MercadoLibre had a net margin of 2.68% and a return on equity of 19.66%. During the same period last year, the business earned $1.37 EPS. Equities analysts predict that MercadoLibre, Inc. will post 7.78 EPS for the current fiscal year.

About MercadoLibre

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MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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