Lane Generational LLC is downgraded from MercadoLibre, Inc. (NASDAQ: MELI — Free Report) increased by 36.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The Fund owns 2938 shares of the company after selling 1702 shares during the quarter. MercadoLibre makes up about 4.9% of Lane Generational LLC’s investment portfolio, making it the 10th largest company. MercadoLibre’s Lane Generational LLC holdings were valued at $3,872,000 at the end of the last reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Cozad Asset Management Inc. A new stake in MercadoLibre stock during the first quarter valued at approximately $266,000. Csenge Advisory Group acquired a new position in MercadoLibre shares in the first quarter valued at approximately $664,000. Knights of Columbus Asset Advisors LLC increased its stake in MercadoLibre shares by 0.9% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,197 shares of the company’s stock valued at $4,214,000 after purchasing an additional 29 shares during the period. Magdal Insurance and Financial Holding Ltd. increased its holdings in MercadoLibre by 185.7% during the first quarter. Magdal Insurance and Financial Holding Company Limited now owns 20 shares of the company’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Finally, CWM LLC boosted its stake in MercadoLibre by 24.6% in the first quarter. CWM LLC now owns 385 shares of the company’s stock valued at $508,000 after purchasing an additional 76 shares during the period. Institutional investors own 80.67% of the company’s shares.
Analyst rating changes
A number of brokerages have recently impacted MELI. Barclays raised its price target for shares of MercadoLibre from $1,525.00 to $1,575.00 in a report on Thursday, May 4th. Wolfe Research cut its price target for shares of MercadoLibre from $1,700.00 to $1,400.00 in a research report on Monday, July 10th. BTIG Research boosted its price target for shares of MercadoLibre from $1,400.00 to $1,600.00 in a report on Thursday, May 4th. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and set a price target of $1350.00 for the company. In a report on Thursday, April 6th. Finally, Morgan Stanley raised its price target for MercadoLibre shares from $1,620.00 to $1,770.00 in a report on Friday, March 31st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $1,491.50.
MercadoLibre shares rose 0.3%.
MELI was trading as high as $3.53 during Tuesday’s trading, to reach $1,182.70. The share trading volume amounted to 201,871 shares, compared to an average trading volume of 493,780 shares. The company has a trading ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $59.38 billion, a price-to-earnings ratio of 96.87, a price-to-earnings/earnings ratio of 1.55 and a beta of 1.54. The stock’s 50-day moving average is $1,227.19 and its 200-day moving average is $1,189.15. Register MercadoLibre, Inc. The one-year low is at $694.64 and the one-year high is at $1,365.64.
MercadoLibre (NASDAQ: MELI — Get Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The company reported earnings of $3.97 per share for the quarter, beating consensus estimates of $3.04 by $0.93. The company generated $3.04 billion in revenue for the quarter, compared to consensus estimates of $2.88 billion. MercadoLibre had a return on equity of 34.92% and a net margin of 5.46%. The company’s revenue increased 35.1% year over year. During the same period last year, the company earned $1.30 in earnings per share. As a group, analysts expect MercadoLibre, Inc. 16.69 earnings per share for the current year.
About MercadoLibre
(free report)
MercadoLibre, Inc. operates online commerce platforms in Latin America. operates the Mercado Libre Marketplace, an automated e-commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct online buying and selling; and Mercado Pago FinTech, a financial technology solutions platform, which facilitates transactions on and off the markets by providing a mechanism that allows its users to send and receive payments online, as well as allowing users to transfer funds through their websites or on applications.
See also
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