Sava Infond d.o.o. Has $12.04 Million Stock Holdings in MercadoLibre, Inc. $MELI

Sava Infond d.o.o. cut its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,605 shares of the company’s stock after selling 335 shares during the period. MercadoLibre accounts for 1.9% of Sava Infond d.o.o.’s portfolio, making the stock its 13th largest holding. Sava Infond d.o.o.’s holdings in MercadoLibre were worth $12,036,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Bison Wealth LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $206,000. Rhumbline Advisers grew its stake in MercadoLibre by 4.4% in the 1st quarter. Rhumbline Advisers now owns 10,365 shares of the company’s stock valued at $20,221,000 after buying an additional 437 shares during the last quarter. NBC Securities Inc. acquired a new position in MercadoLibre in the 1st quarter valued at about $72,000. Merit Financial Group LLC grew its stake in MercadoLibre by 7.7% in the 1st quarter. Merit Financial Group LLC now owns 757 shares of the company’s stock valued at $1,477,000 after buying an additional 54 shares during the last quarter. Finally, Matrix Trust Co grew its stake in MercadoLibre by 27.1% in the 1st quarter. Matrix Trust Co now owns 108 shares of the company’s stock valued at $211,000 after buying an additional 23 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,172.75 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $110.16 billion, a price-to-earnings ratio of 53.66, a P/E/G ratio of 1.49 and a beta of 1.46. The firm’s 50 day simple moving average is $2,382.29 and its 200 day simple moving average is $2,341.63. 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 results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.48 EPS. As a group, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the company an “outperform” rating in a research note on Tuesday, August 5th. Benchmark reiterated a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a research note on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price target on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average target price of $2,822.78.

MercadoLibre Company 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.