1,142 MercadoLibre, Inc. $MELI Shares Sold by Strategy Asset Managers LLC

Strategy Asset Managers LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 26.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,156 shares of the company’s stock after selling 1,142 shares during the period. Strategy Asset Managers LLC’s holdings in MercadoLibre were worth $5,455,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC raised its holdings in MercadoLibre by 17.4% during the third quarter. Lodestone Wealth Management LLC now owns 331 shares of the company’s stock worth $571,000 after buying an additional 49 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of MercadoLibre by 7.5% in the third quarter. Salem Investment Counselors Inc. now owns 3,079 shares of the company’s stock valued at $5,322,000 after buying an additional 214 shares in the last quarter. Krilogy Financial LLC lifted its stake in shares of MercadoLibre by 24.0% in the third quarter. Krilogy Financial LLC now owns 815 shares of the company’s stock valued at $1,542,000 after buying an additional 158 shares in the last quarter. Clay Northam Wealth Management LLC lifted its stake in shares of MercadoLibre by 30.8% in the third quarter. Clay Northam Wealth Management LLC now owns 884 shares of the company’s stock valued at $1,528,000 after buying an additional 208 shares in the last quarter. Finally, Verus Wealth Management LLC acquired a new position in shares of MercadoLibre during the third quarter valued at about $1,858,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. New Street Research began coverage on shares of MercadoLibre in a report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 price objective for the company. Citigroup lowered their target price on shares of MercadoLibre from $2,150.00 to $2,100.00 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. 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 research note on Tuesday, August 11th. Finally, BTIG Research reiterated a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research note on Thursday, September 3rd. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,251.88.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,839.11 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $1,862.34 and its two-hundred day simple moving average is $1,781.58. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,428.00. The stock has a market cap of $93.24 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 6th. The company reported $9.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. During the same period in the previous year, the firm earned $10.31 EPS. The business’s revenue for the quarter was up 49.8% compared to the same quarter last year. As a group, analysts forecast that MercadoLibre, Inc. will post 38.13 EPS for the current fiscal year.

About MercadoLibre

MercadoLibre, Inc (NASDAQ:MELI) operates a technology platform serving commerce and financial-services customers across Latin America. Its online marketplace connects buyers and sellers, offering products across categories including electronics, apparel, home goods, automotive products and consumer packaged goods.

The company also provides a range of supporting services, including Mercado Pago, a digital payments platform that enables online and in-person transactions, money transfers and other financial services.