Wincap Financial LLC Decreases Holdings in MercadoLibre, Inc. $MELI

Wincap Financial LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 33.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 344 shares of the company’s stock after selling 172 shares during the quarter. Wincap Financial LLC’s holdings in MercadoLibre were worth $899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MELI. Key Financial Inc bought a new position in MercadoLibre in the first quarter valued at about $25,000. GW&K Investment Management LLC purchased a new stake in shares of MercadoLibre during the 1st quarter valued at about $25,000. Close Asset Management Ltd increased its position in shares of MercadoLibre by 366.7% during 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 last quarter. Highline Wealth Partners LLC lifted its stake in shares of MercadoLibre by 366.7% in the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after purchasing an additional 11 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after buying an additional 13 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup reduced their target price on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Daiwa Capital Markets assumed coverage on MercadoLibre in a research note on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price objective for the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Jefferies Financial Group reiterated a “hold” rating and set a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Barclays reduced their price target on MercadoLibre from $3,000.00 to $2,800.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,799.12.

MercadoLibre Trading Up 5.6%

Shares of MercadoLibre stock opened at $2,282.32 on Tuesday. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The company has a market capitalization of $115.71 billion, a P/E ratio of 56.37, a P/E/G ratio of 1.47 and a beta of 1.46. The company has a fifty day moving average of $2,314.00 and a 200 day moving average of $2,364.20.

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