Hantz Financial Services Inc. Lowers Holdings in MercadoLibre, Inc. $MELI

Hantz Financial Services Inc. decreased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,945 shares of the company’s stock after selling 381 shares during the quarter. Hantz Financial Services Inc.’s holdings in MercadoLibre were worth $7,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Weitz Investment Management Inc. purchased a new position in MercadoLibre during the third quarter worth approximately $8,647,000. Barlow Wealth Partners Inc. boosted its position in MercadoLibre by 126.7% during the third quarter. Barlow Wealth Partners Inc. now owns 11,505 shares of the company’s stock worth $26,886,000 after purchasing an additional 6,429 shares in the last quarter. Principal Financial Group Inc. boosted its position in MercadoLibre by 18.7% during the third quarter. Principal Financial Group Inc. now owns 48,103 shares of the company’s stock worth $112,414,000 after purchasing an additional 7,570 shares in the last quarter. Donaldson Capital Management LLC boosted its position in MercadoLibre by 65.0% during the third quarter. Donaldson Capital Management LLC now owns 2,678 shares of the company’s stock worth $6,258,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in MercadoLibre by 34.5% during the third quarter. Penserra Capital Management LLC now owns 3,014 shares of the company’s stock worth $7,042,000 after purchasing an additional 773 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,664.42 on Tuesday. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,645.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 1.16. The stock has a market cap of $84.39 billion, a PE ratio of 43.93, a P/E/G ratio of 1.03 and a beta of 1.41. The stock has a 50 day moving average price of $1,721.23 and a 200 day moving average price of $1,914.48.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $8.23 EPS for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the business posted $9.74 EPS. MercadoLibre’s revenue for the quarter was up 49.0% compared to the same quarter last year. Equities research analysts expect that MercadoLibre, Inc. will post 40.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent analyst reports. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Scotiabank dropped their target price on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 7th. UBS Group reduced their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Barclays reduced their price target on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Citigroup downgraded shares of MercadoLibre from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $2,200.00 to $1,950.00 in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

About MercadoLibre

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.