Inceptionr LLC Sells 448 Shares of MercadoLibre, Inc. $MELI

Inceptionr LLC decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 81.9% during the second quarter, Holdings Channel.com reports. The fund owned 99 shares of the company’s stock after selling 448 shares during the quarter. Inceptionr LLC’s holdings in MercadoLibre were worth $259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MELI. J.W. Cole Advisors Inc. boosted its holdings in shares of MercadoLibre by 17.0% during the second quarter. J.W. Cole Advisors Inc. now owns 1,748 shares of the company’s stock worth $4,569,000 after purchasing an additional 254 shares during the period. FourThought Financial Partners LLC lifted its holdings in MercadoLibre by 0.3% in the 2nd quarter. FourThought Financial Partners LLC now owns 3,029 shares of the company’s stock worth $7,916,000 after buying an additional 8 shares during the period. Advisors Asset Management Inc. grew its position in shares of MercadoLibre by 26.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 366 shares of the company’s stock worth $957,000 after buying an additional 76 shares during the last quarter. Laurel Wealth Advisors LLC grew its position in shares of MercadoLibre by 261,265.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 60,114 shares of the company’s stock worth $157,116,000 after buying an additional 60,091 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in shares of MercadoLibre by 252.1% during the second quarter. XTX Topco Ltd now owns 1,176 shares of the company’s stock valued at $3,074,000 after buying an additional 842 shares during the period. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Up 2.4%

Shares of MercadoLibre stock opened at $2,082.00 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The company has a 50-day moving average of $2,184.85 and a 200 day moving average of $2,349.84. The firm has a market cap of $105.55 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.56 and a beta of 1.51. MercadoLibre, Inc. has a 1 year low of $1,646.00 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 EPS for the quarter, missing the consensus estimate of $9.88 by ($1.56). The business had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The company’s revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $7.83 EPS. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MELI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on MercadoLibre from $2,600.00 to $2,650.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Benchmark decreased their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Susquehanna lowered their price objective on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,848.82.

MercadoLibre Profile

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.