L & S Advisors Inc Sells 172 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

L & S Advisors Inc lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,153 shares of the company’s stock after selling 172 shares during the quarter. L & S Advisors Inc’s holdings in MercadoLibre were worth $1,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First PREMIER Bank bought a new stake in shares of MercadoLibre in the 1st quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in MercadoLibre by 1,600.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock worth $28,000 after purchasing an additional 16 shares during the last quarter. DSM Capital Partners LLC bought a new stake in MercadoLibre in the 4th quarter worth about $36,000. Scarborough Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $36,000. Finally, Financial Connections Group Inc. bought a new position in shares of MercadoLibre during the 2nd quarter worth approximately $36,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of research analyst reports. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and increased their price target for the company from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. Barclays lifted their target price on MercadoLibre from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $2,150.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,182.92.

MercadoLibre Trading Down 0.8 %

Shares of MercadoLibre stock opened at $2,105.51 on Tuesday. The company’s 50-day moving average price is $1,869.28 and its 200-day moving average price is $1,677.47. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. MercadoLibre, Inc. has a 12-month low of $1,141.04 and a 12-month high of $2,143.96. The company has a market cap of $106.74 billion, a price-to-earnings ratio of 94.21, a PEG ratio of 1.33 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The business had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the company posted $5.16 EPS. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. On average, equities analysts expect that MercadoLibre, Inc. will post 35.22 earnings per share for the current fiscal year.

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.