Mercadolibre Inc (MELI) Stake Lessened by Edmond DE Rothschild Holding S.A.

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Edmond DE Rothschild Holding S.A. trimmed its stake in Mercadolibre Inc (NASDAQ:MELI) by 52.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,590 shares of the company’s stock after selling 7,310 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Mercadolibre were worth $1,930,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC increased its position in shares of Mercadolibre by 4.2% in the third quarter. TIAA CREF Investment Management LLC now owns 859 shares of the company’s stock worth $292,000 after purchasing an additional 35 shares during the last quarter. Gardiner Nancy B increased its position in shares of Mercadolibre by 5.6% in the fourth quarter. Gardiner Nancy B now owns 950 shares of the company’s stock worth $278,000 after purchasing an additional 50 shares during the last quarter. Pier 88 Investment Partners LLC increased its position in shares of Mercadolibre by 9.8% in the fourth quarter. Pier 88 Investment Partners LLC now owns 561 shares of the company’s stock worth $164,000 after purchasing an additional 50 shares during the last quarter. Bogart Wealth LLC increased its position in shares of Mercadolibre by 15.8% in the fourth quarter. Bogart Wealth LLC now owns 374 shares of the company’s stock worth $109,000 after purchasing an additional 51 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Mercadolibre by 1.2% in the fourth quarter. Moody National Bank Trust Division now owns 5,289 shares of the company’s stock worth $1,549,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 90.56% of the company’s stock.

Shares of Mercadolibre stock opened at $493.79 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 1.79. Mercadolibre Inc has a 52-week low of $257.52 and a 52-week high of $514.90. The company has a market capitalization of $22.77 billion, a PE ratio of -602.18, a PEG ratio of 23.78 and a beta of 2.21.

Mercadolibre (NASDAQ:MELI) last issued its earnings results on Tuesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.10. Mercadolibre had a negative net margin of 2.54% and a negative return on equity of 13.47%. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $400.80 million. During the same quarter last year, the business earned ($1.53) earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. As a group, analysts predict that Mercadolibre Inc will post 0.41 EPS for the current year.

MELI has been the topic of several research analyst reports. BidaskClub upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 13th. ValuEngine cut shares of Mercadolibre from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. KeyCorp initiated coverage on shares of Mercadolibre in a research report on Tuesday, December 18th. They issued a “sector weight” rating on the stock. Zacks Investment Research upgraded shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, BTIG Research restated a “buy” rating and issued a $410.00 price objective on shares of Mercadolibre in a research report on Wednesday, January 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $423.17.

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Mercadolibre Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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