Zevin Asset Management LLC decreased its holdings in Mercadolibre Inc (NASDAQ:MELI) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,290 shares of the company’s stock after selling 4,841 shares during the quarter. Mercadolibre comprises approximately 2.8% of Zevin Asset Management LLC’s portfolio, making the stock its 9th biggest position. Zevin Asset Management LLC owned 0.07% of Mercadolibre worth $9,354,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MELI. Korea Investment CORP raised its holdings in Mercadolibre by 1,946.1% in the first quarter. Korea Investment CORP now owns 6,834 shares of the company’s stock worth $2,436,000 after purchasing an additional 6,500 shares in the last quarter. Zeke Capital Advisors LLC bought a new position in Mercadolibre in the second quarter worth $6,605,000. Apertura Capital LLC raised its holdings in Mercadolibre by 27.1% in the second quarter. Apertura Capital LLC now owns 70,000 shares of the company’s stock worth $20,925,000 after purchasing an additional 14,940 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Mercadolibre by 5.3% during the second quarter. First Mercantile Trust Co. now owns 4,000 shares of the company’s stock valued at $1,196,000 after acquiring an additional 200 shares in the last quarter. Finally, WCM Investment Management CA increased its holdings in shares of Mercadolibre by 2.7% during the first quarter. WCM Investment Management CA now owns 249,441 shares of the company’s stock valued at $88,898,000 after acquiring an additional 6,536 shares in the last quarter. 87.30% of the stock is owned by institutional investors.

In other Mercadolibre news, Director Meyer Malka acquired 16,518 shares of Mercadolibre stock in a transaction that occurred on Thursday, June 14th. The stock was bought at an average cost of $301.39 per share, for a total transaction of $4,978,360.02. Following the acquisition, the director now owns 1,708 shares of the company’s stock, valued at $514,774.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 34,726 shares of company stock valued at $10,451,306 over the last quarter. 0.32% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on MELI. Zacks Investment Research downgraded Mercadolibre from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. ValuEngine upgraded Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Credit Suisse Group reduced their price target on Mercadolibre from $425.00 to $420.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. Barclays raised their price target on Mercadolibre from $365.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Finally, Stifel Nicolaus raised their price target on Mercadolibre from $360.00 to $380.00 and gave the company a “hold” rating in a report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $356.92.

NASDAQ MELI opened at $320.06 on Monday. Mercadolibre Inc has a one year low of $217.06 and a one year high of $417.91. The stock has a market capitalization of $16.44 billion, a P/E ratio of 126.51 and a beta of 2.04. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.15.

Mercadolibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.04). Mercadolibre had a positive return on equity of 4.32% and a negative net margin of 4.39%. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $333.98 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. Mercadolibre’s quarterly revenue was up 18.1% compared to the same quarter last year. sell-side analysts expect that Mercadolibre Inc will post -0.11 EPS for the current year.

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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