MercadoLibre, Inc. $MELI Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,544 shares of the company’s stock after selling 639 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in MercadoLibre were worth $83,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Wedbush Fund Advisers LLC bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $29,000. Twin Lakes Capital Management LLC purchased a new stake in MercadoLibre during the second quarter worth $31,000. Hanson & Doremus Investment Management purchased a new stake in MercadoLibre during the first quarter worth $35,000. Markowski Investments purchased a new stake in MercadoLibre during the second quarter worth $36,000. Finally, Byrne Asset Management LLC bought a new stake in MercadoLibre during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 1.3%

NASDAQ MELI opened at $1,854.88 on Thursday. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,428.00. The company has a 50 day moving average price of $1,862.77 and a 200 day moving average price of $1,787.80. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53. The firm has a market cap of $94.04 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 6th. The company reported $9.19 earnings per share for the quarter, beating the consensus estimate of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same period last year, the firm earned $10.31 earnings per share. MercadoLibre’s revenue was up 49.8% compared to the same quarter last year. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 38.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MELI shares. JPMorgan Chase & Co. lifted their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. Citigroup dropped their price objective on MercadoLibre from $2,150.00 to $2,100.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price objective on shares of MercadoLibre in a research report on Thursday, September 3rd. Finally, Cantor Fitzgerald cut their target price on MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,251.88.

MercadoLibre Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre’s financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.