Juncture Wealth Strategies LLC Cuts Stake in MercadoLibre, Inc. $MELI

Juncture Wealth Strategies LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401 shares of the company’s stock after selling 9 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in MercadoLibre were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MELI. Key Financial Inc purchased a new stake in MercadoLibre in the first quarter worth approximately $25,000. GW&K Investment Management LLC purchased a new stake in shares of MercadoLibre during the first quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Close Asset Management Ltd boosted its stake in shares of MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MELI. Cantor Fitzgerald reissued an “overweight” rating and set a $2,700.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Susquehanna reissued a “positive” rating and set a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. UBS Group set a $3,000.00 price objective on MercadoLibre in a research note on Monday, June 2nd. Daiwa Capital Markets began coverage on MercadoLibre in a research note on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price target for the company. Finally, Wall Street Zen lowered MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,817.22.

MercadoLibre Price Performance

NASDAQ MELI opened at $2,339.36 on Monday. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The stock has a 50-day moving average of $2,384.98 and a 200 day moving average of $2,308.07. The company has a market capitalization of $118.60 billion, a price-to-earnings ratio of 57.78, a PEG ratio of 1.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.01 by ($1.70). The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.48 earnings per share. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre Company Profile

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.