MercadoLibre, Inc. $MELI Holdings Trimmed by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 33.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,237 shares of the company’s stock after selling 3,156 shares during the period. MercadoLibre accounts for 1.9% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s investment portfolio, making the stock its 19th biggest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in MercadoLibre were worth $16,301,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Key Financial Inc purchased a new stake in MercadoLibre in the 1st quarter worth about $25,000. GW&K Investment Management LLC purchased a new position in MercadoLibre during the 1st quarter valued at about $25,000. Close Asset Management Ltd increased its holdings in shares of MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares during the period. Brooklyn Investment Group increased its holdings in shares of MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after purchasing an additional 13 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of MercadoLibre in the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 6.2%

MercadoLibre stock opened at $2,133.67 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. 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 $2,363.50 and its 200-day simple moving average is $2,346.09. The company has a market capitalization of $108.17 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.43 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period in the previous year, the company earned $10.48 earnings per share. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. Sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MELI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MercadoLibre in a research report on Wednesday. Benchmark reissued a “buy” rating and set a $2,875.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Cantor Fitzgerald upped their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Susquehanna reissued a “positive” rating and set a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Finally, Wedbush set a $2,700.00 target price on MercadoLibre and gave the company an “outperform” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,815.29.

About MercadoLibre

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.