MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELIGet Rating) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,046 shares of the company’s stock after selling 17 shares during the quarter. Kestra Advisory Services LLC’s holdings in MercadoLibre were worth $1,694,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its holdings in MercadoLibre by 120.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 33 shares of the company’s stock worth $25,000 after buying an additional 18 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in MercadoLibre in the 2nd quarter worth $31,000. Tsfg LLC lifted its holdings in MercadoLibre by 428.6% in the 3rd quarter. Tsfg LLC now owns 37 shares of the company’s stock worth $31,000 after buying an additional 30 shares in the last quarter. Glassman Wealth Services lifted its holdings in MercadoLibre by 127.3% in the 2nd quarter. Glassman Wealth Services now owns 50 shares of the company’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in MercadoLibre in the 1st quarter worth $38,000. Institutional investors and hedge funds own 80.49% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,098.09 on Monday. MercadoLibre, Inc. has a fifty-two week low of $600.68 and a fifty-two week high of $1,275.82. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 1.68. The company has a market cap of $55.23 billion, a PE ratio of 204.49 and a beta of 1.53. The firm has a 50-day simple moving average of $922.78 and a 200 day simple moving average of $888.76.

MercadoLibre (NASDAQ:MELIGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.31 by $0.25. MercadoLibre had a net margin of 2.80% and a return on equity of 17.11%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. MercadoLibre’s quarterly revenue was up 41.6% on a year-over-year basis. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 8.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MELI shares. Credit Suisse Group cut their target price on shares of MercadoLibre from $1,470.00 to $1,400.00 and set an “outperform” rating on the stock in a research note on Monday, October 31st. Jefferies Financial Group cut their target price on shares of MercadoLibre from $990.00 to $970.00 and set a “hold” rating on the stock in a research note on Thursday, October 6th. StockNews.com started coverage on shares of MercadoLibre in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup upped their target price on shares of MercadoLibre from $1,050.00 to $1,100.00 in a research note on Friday, December 23rd. Finally, BTIG Research upped their target price on shares of MercadoLibre from $1,130.00 to $1,245.00 and gave the company a “buy” rating in a research note on Friday, January 13th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,291.50.

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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