MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Rational Advisors LLC

Rational Advisors LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 15.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,400 shares of the company’s stock after selling 265 shares during the quarter. Rational Advisors LLC’s holdings in MercadoLibre were worth $2,301,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First PREMIER Bank purchased a new stake in MercadoLibre during the 1st quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $36,000. DSM Capital Partners LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $36,000. Scarborough Advisors LLC purchased a new position in MercadoLibre in the 4th quarter valued at $36,000. Finally, Transcendent Capital Group LLC acquired a new position in MercadoLibre in the 4th quarter valued at $38,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays raised their target price on shares of MercadoLibre from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. New Street Research downgraded MercadoLibre from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and raised their price target for the company from $1,400.00 to $2,100.00 in a report on Monday, May 20th. Finally, BTIG Research upped their price objective on MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,063.75.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded up $4.39 during midday trading on Monday, hitting $2,004.70. 181,746 shares of the stock were exchanged, compared to its average volume of 365,023. The stock has a market cap of $101.63 billion, a P/E ratio of 89.70, a PEG ratio of 1.13 and a beta of 1.60. MercadoLibre, Inc. has a twelve month low of $1,141.04 and a twelve month high of $2,029.99. The company has a 50 day moving average price of $1,741.72 and a 200-day moving average price of $1,641.67. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 45.61%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the previous year, the business posted $5.16 earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, research analysts forecast that MercadoLibre, Inc. will post 33.4 earnings per share for the current year.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.