Lighthouse Financial LLC Sells 57 Shares of MercadoLibre, Inc. $MELI

Lighthouse Financial LLC lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 342 shares of the company’s stock after selling 57 shares during the quarter. MercadoLibre makes up approximately 0.7% of Lighthouse Financial LLC’s holdings, making the stock its 28th biggest position. Lighthouse Financial LLC’s holdings in MercadoLibre were worth $894,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. GW&K Investment Management LLC bought a new stake in MercadoLibre during the first quarter valued at approximately $25,000. Close Asset Management Ltd boosted its stake in shares of MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares during the last quarter. Brooklyn Investment Group grew its position in shares of MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after acquiring an additional 13 shares during the period. Twin Tree Management LP bought a new stake in shares of MercadoLibre during the 1st quarter valued at $29,000. Finally, Saudi Central Bank purchased a new stake in shares of MercadoLibre in the 1st quarter worth $35,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 0.4%

Shares of MELI opened at $2,057.72 on Tuesday. The business’s 50 day moving average is $2,250.86 and its 200 day moving average is $2,371.34. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The company has a market capitalization of $104.32 billion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The business had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the company earned $7.83 earnings per share. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. Research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MELI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. Wedbush raised their price objective on MercadoLibre from $2,700.00 to $2,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Scotiabank began coverage on MercadoLibre in a research report on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 price objective on the stock. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Barclays raised their target price on shares of MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,854.71.

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.