L & S Advisors Inc Sells 116 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

L & S Advisors Inc lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 904 shares of the company’s stock after selling 116 shares during the period. L & S Advisors Inc’s holdings in MercadoLibre were worth $1,537,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in shares of MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock valued at $404,000 after buying an additional 21 shares in the last quarter. Townsquare Capital LLC raised its position in MercadoLibre by 4.7% during the third quarter. Townsquare Capital LLC now owns 1,782 shares of the company’s stock valued at $3,657,000 after purchasing an additional 80 shares during the period. Bridgewater Associates LP lifted its stake in shares of MercadoLibre by 17.0% in the 3rd quarter. Bridgewater Associates LP now owns 1,837 shares of the company’s stock valued at $3,769,000 after purchasing an additional 267 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of MercadoLibre in the 3rd quarter worth approximately $273,000. Finally, Fiduciary Trust Co increased its position in shares of MercadoLibre by 16.1% during the 3rd quarter. Fiduciary Trust Co now owns 511 shares of the company’s stock valued at $1,049,000 after purchasing an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $2,048.07 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average price is $2,028.39 and its 200-day moving average price is $1,974.17. The firm has a market cap of $103.83 billion, a P/E ratio of 54.33, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. On average, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MELI shares. The Goldman Sachs Group raised their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Wedbush decreased their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Finally, Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2,402.81.

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.