MercadoLibre, Inc. $MELI Stock Holdings Trimmed by BNP Paribas

BNP Paribas lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 7.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,105 shares of the company’s stock after selling 337 shares during the quarter. BNP Paribas’ holdings in MercadoLibre were worth $9,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MELI. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter valued at $29,000. Steigerwald Gordon & Koch Inc. acquired a new stake in MercadoLibre in the third quarter worth about $35,000. Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares in the last quarter. Rothschild Investment LLC grew its position in MercadoLibre by 35.7% in the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after buying an additional 5 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in MercadoLibre during the 3rd quarter valued at about $47,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.6%

NASDAQ MELI opened at $1,670.00 on Friday. MercadoLibre, Inc. has a 12 month low of $1,631.18 and a 12 month high of $2,645.22. The company has a market capitalization of $84.67 billion, a P/E ratio of 42.39, a PEG ratio of 0.89 and a beta of 1.48. The company’s 50 day simple moving average is $1,996.22 and its 200 day simple moving average is $2,117.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELIGet Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.61 earnings per share. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,725.33.

Read Our Latest Research Report on MELI

More MercadoLibre News

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MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

See Also

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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