Mercadolibre Inc (MELI) Shares Sold by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. cut its position in Mercadolibre Inc (NASDAQ:MELI) by 20.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,703 shares of the company’s stock after selling 700 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Mercadolibre were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MELI. Principal Financial Group Inc. bought a new position in shares of Mercadolibre in the 1st quarter valued at about $316,000. Creative Planning grew its position in shares of Mercadolibre by 22.9% in the 2nd quarter. Creative Planning now owns 1,964 shares of the company’s stock valued at $587,000 after acquiring an additional 366 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Mercadolibre by 106.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 2,083 shares of the company’s stock worth $623,000 after buying an additional 1,076 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Mercadolibre by 78.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,961 shares of the company’s stock worth $4,173,000 after buying an additional 6,137 shares during the period. Finally, Cypress Asset Management Inc. TX bought a new stake in shares of Mercadolibre during the 2nd quarter worth about $729,000. 91.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MELI stock opened at $309.82 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.62 and a debt-to-equity ratio of 1.62. The stock has a market cap of $14.42 billion, a P/E ratio of 122.46 and a beta of 1.96. Mercadolibre Inc has a 52 week low of $263.71 and a 52 week high of $417.91.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, November 1st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.13). The business had revenue of $355.30 million during the quarter, compared to the consensus estimate of $352.75 million. Mercadolibre had a negative net margin of 7.04% and a negative return on equity of 9.47%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. On average, research analysts forecast that Mercadolibre Inc will post -0.99 EPS for the current year.

MELI has been the subject of several research analyst reports. BidaskClub downgraded shares of Mercadolibre from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Zacks Investment Research raised shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Credit Suisse Group reduced their target price on shares of Mercadolibre from $425.00 to $420.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. Barclays lifted their target price on shares of Mercadolibre from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Mercadolibre from $360.00 to $380.00 and gave the stock a “hold” rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $362.62.

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Mercadolibre Company Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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