LRI Investments LLC Has $556,000 Stock Position in MercadoLibre, Inc. $MELI

LRI Investments LLC trimmed its position in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276 shares of the company’s stock after selling 310 shares during the quarter. LRI Investments LLC’s holdings in MercadoLibre were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MELI. Bison Wealth LLC acquired a new stake in shares of MercadoLibre in the fourth quarter worth $206,000. Empowered Funds LLC lifted its stake in shares of MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after buying an additional 49 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after buying an additional 178 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of MercadoLibre in the second quarter worth $261,000. Finally, Gamco Investors INC. ET AL increased its position in MercadoLibre by 21.4% during the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after acquiring an additional 30 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MELI has been the topic of a number of research reports. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Barclays dropped their target price on shares of MercadoLibre from $2,600.00 to $2,500.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research report on Friday. Finally, BTIG Research dropped their target price on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,465.33.

View Our Latest Report on MercadoLibre

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,632.52 on Monday. The firm has a market capitalization of $82.77 billion, a PE ratio of 43.09, a price-to-earnings-growth ratio of 0.83 and a beta of 1.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. The company’s fifty day moving average price is $1,755.81 and its two-hundred day moving average price is $1,967.33. MercadoLibre, Inc. has a 52-week low of $1,593.21 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELIGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to the consensus estimate of $8.29 billion. MercadoLibre had a net margin of 6.04% and a return on equity of 30.84%. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same period last year, the firm earned $9.74 EPS. On average, analysts expect that MercadoLibre, Inc. will post 47.84 EPS for the current year.

More MercadoLibre News

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

Further Reading

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELIFree Report).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.