Stokes Family Office LLC Sells 35 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Stokes Family Office LLC lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175 shares of the company’s stock after selling 35 shares during the period. Stokes Family Office LLC’s holdings in MercadoLibre were worth $265,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MELI. Duality Advisers LP increased its position in MercadoLibre by 9.1% during the first quarter. Duality Advisers LP now owns 1,418 shares of the company’s stock worth $2,144,000 after buying an additional 118 shares during the last quarter. Advisory Services Network LLC grew its position in shares of MercadoLibre by 1.9% in the first quarter. Advisory Services Network LLC now owns 3,731 shares of the company’s stock valued at $5,641,000 after purchasing an additional 71 shares during the last quarter. Mitchell Capital Management Co. grew its position in shares of MercadoLibre by 6.1% in the first quarter. Mitchell Capital Management Co. now owns 1,300 shares of the company’s stock valued at $1,966,000 after purchasing an additional 75 shares during the last quarter. Howland Capital Management LLC grew its position in shares of MercadoLibre by 2.2% in the first quarter. Howland Capital Management LLC now owns 16,420 shares of the company’s stock valued at $24,826,000 after purchasing an additional 353 shares during the last quarter. Finally, WBI Investments LLC acquired a new position in shares of MercadoLibre in the first quarter valued at approximately $209,000. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MELI shares. New Street Research downgraded MercadoLibre from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. UBS Group decreased their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wedbush reaffirmed an “outperform” rating and issued a $1,800.00 target price on shares of MercadoLibre in a research report on Friday, May 3rd. Citigroup decreased their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,922.08.

MercadoLibre Price Performance

Shares of MELI traded up $52.57 during trading hours on Friday, reaching $1,761.22. The stock had a trading volume of 335,191 shares, compared to its average volume of 372,014. MercadoLibre, Inc. has a 12 month low of $1,126.84 and a 12 month high of $1,825.00. The stock has a market capitalization of $89.29 billion, a PE ratio of 78.80, a PEG ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. The company’s 50-day moving average is $1,661.19 and its two-hundred day moving average is $1,611.18.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the company earned $3.97 EPS. MercadoLibre’s revenue was up 36.0% compared to the same quarter last year. Research analysts expect that MercadoLibre, Inc. will post 33.81 EPS 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.