Provident Co of the Employees of the Hebrew University LTD Has $981,000 Stock Position in MercadoLibre, Inc. $MELI

Provident Co of the Employees of the Hebrew University LTD decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 49.9% in the second quarter, Holdings Channel.com reports. The firm owned 375 shares of the company’s stock after selling 373 shares during the period. MercadoLibre comprises 1.0% of Provident Co of the Employees of the Hebrew University LTD’s holdings, making the stock its 28th largest holding. Provident Co of the Employees of the Hebrew University LTD’s holdings in MercadoLibre were worth $981,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Optimize Financial Inc boosted its position in MercadoLibre by 1.7% during the first quarter. Optimize Financial Inc now owns 238 shares of the company’s stock valued at $464,000 after purchasing an additional 4 shares during the last quarter. Range Financial Group LLC boosted its position in MercadoLibre by 2.7% during the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after purchasing an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in MercadoLibre by 26.3% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock valued at $63,000 after purchasing an additional 5 shares during the last quarter. Forum Financial Management LP boosted its position in MercadoLibre by 3.1% during the first quarter. Forum Financial Management LP now owns 199 shares of the company’s stock valued at $388,000 after purchasing an additional 6 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in MercadoLibre by 37.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ MELI opened at $2,328.90 on Friday. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $118.07 billion, a PE ratio of 56.83, a P/E/G ratio of 1.56 and a beta of 1.46. The stock has a 50-day simple moving average of $2,310.58 and a 200 day simple moving average of $2,372.51.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the prior year, the firm posted $7.83 EPS. MercadoLibre’s revenue for the quarter was up 39.5% on a year-over-year basis. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MELI shares. Benchmark reduced their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday. Finally, Scotiabank started coverage on MercadoLibre in a research report on Monday, July 28th. They issued a “sector outperform” rating and a $3,500.00 price target for the company. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,796.47.

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.