Jefferies Group LLC Buys New Holdings in Mercadolibre Inc (MELI)

Jefferies Group LLC bought a new position in shares of Mercadolibre Inc (NASDAQ:MELI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,129 shares of the company’s stock, valued at approximately $5,491,000.

Several other institutional investors have also added to or reduced their stakes in MELI. Steward Partners Investment Advisory LLC grew its holdings in shares of Mercadolibre by 79.7% during the third quarter. Steward Partners Investment Advisory LLC now owns 408 shares of the company’s stock worth $139,000 after buying an additional 181 shares in the last quarter. Financial Gravity Wealth Inc. grew its holdings in shares of Mercadolibre by 151.3% during the third quarter. Financial Gravity Wealth Inc. now owns 671 shares of the company’s stock worth $193,000 after buying an additional 404 shares in the last quarter. Wagner Bowman Management Corp purchased a new stake in shares of Mercadolibre during the third quarter worth $214,000. Brown Advisory Inc. purchased a new stake in shares of Mercadolibre during the third quarter worth $215,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Mercadolibre during the third quarter worth $216,000. 93.38% of the stock is owned by institutional investors and hedge funds.

Shares of MELI stock opened at $346.56 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.61 and a current ratio of 1.62. Mercadolibre Inc has a twelve month low of $273.20 and a twelve month high of $417.91.

Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, November 1st. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.13). The firm had revenue of $355.30 million for the quarter, compared to analyst estimates of $352.75 million. Mercadolibre had a negative net margin of 7.04% and a negative return on equity of 9.47%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts expect that Mercadolibre Inc will post -0.99 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on MELI shares. Zacks Investment Research raised shares of Mercadolibre from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 23rd. BidaskClub cut shares of Mercadolibre from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Barclays boosted their price target on shares of Mercadolibre from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. UBS Group assumed coverage on shares of Mercadolibre in a research report on Tuesday, October 23rd. They set an “outperform” rating on the stock. Finally, ValuEngine cut shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $362.62.

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Mercadolibre 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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