Paragon Capital Management Inc. Has $3.06 Million Holdings in MercadoLibre, Inc. $MELI

Paragon Capital Management Inc. trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.5% in the second quarter, HoldingsChannel reports. The firm owned 1,172 shares of the company’s stock after selling 42 shares during the quarter. MercadoLibre accounts for about 2.3% of Paragon Capital Management Inc.’s holdings, making the stock its 9th largest holding. Paragon Capital Management Inc.’s holdings in MercadoLibre were worth $3,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in shares of MercadoLibre by 7.0% during the second quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock worth $3,228,460,000 after buying an additional 81,124 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock worth $1,113,881,000 after buying an additional 104,554 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of MercadoLibre by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company’s stock worth $1,073,823,000 after buying an additional 96,283 shares in the last quarter. Generation Investment Management LLP lifted its holdings in shares of MercadoLibre by 3.3% during the first quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock worth $1,035,061,000 after buying an additional 16,878 shares in the last quarter. Finally, GQG Partners LLC lifted its holdings in shares of MercadoLibre by 23.5% during the first quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock worth $901,058,000 after buying an additional 87,912 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Down 0.2%

MELI stock opened at $2,301.88 on Thursday. The company has a market cap of $116.70 billion, a PE ratio of 56.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.51. The business has a 50-day simple moving average of $2,304.52 and a 200 day simple moving average of $2,377.13. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The company had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period last year, the firm earned $7.83 EPS. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MELI. Benchmark dropped their target price on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Citigroup dropped their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a report on Monday. Cantor Fitzgerald dropped their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Barclays boosted their price target on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,822.35.

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.