MercadoLibre, Inc. $MELI Position Decreased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators cut its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 46.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,170 shares of the company’s stock after selling 7,046 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in MercadoLibre were worth $14,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in MercadoLibre during the second quarter worth approximately $2,246,015,000. Jupiter Topco LLC acquired a new position in MercadoLibre during the second quarter worth $917,123,000. Linonia Partnership LP grew its holdings in MercadoLibre by 325.1% in the 2nd quarter. Linonia Partnership LP now owns 553,788 shares of the company’s stock valued at $939,994,000 after buying an additional 423,527 shares in the last quarter. Royal Bank of Canada grew its holdings in MercadoLibre by 114.2% in the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company’s stock valued at $768,728,000 after buying an additional 237,008 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in MercadoLibre in the 2nd quarter valued at $291,146,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MELI opened at $1,475.09 on Friday. The stock’s 50-day moving average price is $1,770.75 and its 200 day moving average price is $1,791.80. MercadoLibre, Inc. has a 12-month low of $1,465.06 and a 12-month high of $2,342.00. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm has a market cap of $74.79 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 1.08 and a beta of 1.42.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, November 4th. The company reported $8.83 earnings per share for the quarter, missing the consensus estimate of $9.27 by ($0.44). The firm had revenue of $10.75 billion during the quarter, compared to analyst estimates of $10.69 billion. MercadoLibre had a net margin of 4.91% and a return on equity of 25.15%. The business’s revenue was up 45.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.32 earnings per share. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 37.44 earnings per share for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. BTIG Research lowered their price target on shares of MercadoLibre from $2,150.00 to $2,050.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. UBS Group dropped their price objective on shares of MercadoLibre from $1,750.00 to $1,600.00 and set a “neutral” rating for the company in a report on Wednesday. New Street Research began coverage on shares of MercadoLibre in a report on Wednesday, September 23rd. They issued a “buy” rating and a $2,450.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of MercadoLibre from $2,150.00 to $1,850.00 and set a “neutral” rating for the company in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,170.62.

Key MercadoLibre News

Here’s some of the latest news about MELI:

• Positive Sentiment: MercadoLibre’s latest quarterly revenue grew 45.1% year over year to $10.75 billion, slightly exceeding expectations of $10.69 billion. Article: MercadoLibre stock balances 45% Q3 growth against margin pressure
• Negative Sentiment: Profitability is the key concern: quarterly EPS of $8.83 missed the $9.27 consensus, while heavy investment spending and margin pressure have raised questions about how much of the strong sales growth will translate into earnings. Article: MercadoLibre stock faces a sharper test of profitable growth
• Negative Sentiment: Analyst actions add pressure. UBS lowered its price target from $1,750 to $1,600 and maintained a neutral rating; JPMorgan also cut its target, while a recent analysis points to further target reductions amid weak technical momentum. UBS rating information Article: MercadoLibre stock price target cut by JPMorgan Article: Analyst cuts meet a soft technical bid near $1,500

About MercadoLibre

MercadoLibre, Inc. operates an online commerce and financial technology platform focused on Latin America. Founded in Argentina in 1999, the company connects buyers and sellers through its marketplace, where businesses and individuals can list and purchase a wide range of products. The company’s services also include Mercado Pago, which offers digital payment and financial services for transactions on and off its marketplace. MercadoLibre supports commerce with services such as Mercado Envíos, its shipping and logistics platform, and provides advertising tools for merchants and brands.