Advisory Services Network LLC Has $31,000 Holdings in Mercadolibre Inc (NASDAQ:MELI)

Advisory Services Network LLC lowered its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 46.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61 shares of the company’s stock after selling 52 shares during the period. Advisory Services Network LLC’s holdings in Mercadolibre were worth $31,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Group Wealth Management LLC purchased a new position in shares of Mercadolibre during the first quarter valued at $28,000. Icon Wealth Partners LLC purchased a new position in Mercadolibre in the first quarter valued at about $32,000. Shine Investment Advisory Services Inc. purchased a new position in Mercadolibre in the first quarter valued at about $34,000. Carroll Financial Associates Inc. grew its stake in Mercadolibre by 59.5% in the first quarter. Carroll Financial Associates Inc. now owns 67 shares of the company’s stock valued at $34,000 after purchasing an additional 25 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in Mercadolibre in the first quarter valued at about $37,000. 84.67% of the stock is currently owned by institutional investors.

Mercadolibre stock traded down $21.97 during mid-day trading on Friday, hitting $626.70. 479,124 shares of the company’s stock were exchanged, compared to its average volume of 430,594. The company has a 50 day moving average price of $617.89. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of -764.27 and a beta of 1.77. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.34. Mercadolibre Inc has a fifty-two week low of $257.52 and a fifty-two week high of $672.55.

Mercadolibre (NASDAQ:MELI) last released its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.14. The firm had revenue of $474.00 million during the quarter, compared to analysts’ expectations of $423.19 million. Mercadolibre had a negative return on equity of 1.55% and a negative net margin of 0.74%. The company’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. On average, sell-side analysts anticipate that Mercadolibre Inc will post 1.16 earnings per share for the current fiscal year.

A number of analysts have weighed in on the company. Piper Jaffray Companies boosted their price target on DexCom to $173.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Deutsche Bank set a €35.00 ($40.70) price target on Deutsche Post and gave the stock a “buy” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. set a €54.00 ($62.79) price objective on Axel Springer and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Stifel Nicolaus set a $95.00 price objective on C.H. Robinson Worldwide and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $536.86.

About Mercadolibre

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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