Quantbot Technologies LP Has $893,000 Stock Holdings in MercadoLibre, Inc. $MELI

Quantbot Technologies LP reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 50.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 526 shares of the company’s stock after selling 538 shares during the period. Quantbot Technologies LP’s holdings in MercadoLibre were worth $893,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Interchange Capital Partners LLC lifted its position in shares of MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after buying an additional 5 shares during the last quarter. Cornerstone Select Advisors LLC raised its stake in MercadoLibre by 2.9% in the 4th quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock valued at $355,000 after acquiring an additional 5 shares during the period. Mitchell Capital Management Co. lifted its holdings in MercadoLibre by 0.4% during the 4th quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock valued at $2,542,000 after purchasing an additional 5 shares during the last quarter. Strategic Advisors LLC lifted its holdings in MercadoLibre by 0.4% during the 4th quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock valued at $2,564,000 after purchasing an additional 5 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in MercadoLibre by 2.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock worth $605,000 after purchasing an additional 5 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BTIG Research restated a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. UBS Group decreased their target price on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 price target on MercadoLibre in a report on Wednesday, May 13th. Finally, Barclays decreased their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,272.00.

MercadoLibre Trading Down 2.3%

Shares of MELI stock opened at $1,950.44 on Thursday. The stock has a market cap of $98.89 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $1,811.91 and a 200 day simple moving average of $1,771.27.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The company’s revenue was up 49.8% on a year-over-year basis. During the same quarter last year, the company earned $10.31 EPS. On average, research analysts predict that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.