Teamwork Financial Advisors LLC Sells 163 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Teamwork Financial Advisors LLC lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 18.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 703 shares of the company’s stock after selling 163 shares during the period. Teamwork Financial Advisors LLC’s holdings in MercadoLibre were worth $1,063,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC grew its holdings in MercadoLibre by 0.9% during the 3rd quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock worth $1,964,000 after acquiring an additional 14 shares during the last quarter. Vestor Capital LLC grew its position in shares of MercadoLibre by 10.0% in the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock valued at $138,000 after buying an additional 8 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of MercadoLibre by 2.3% in the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock valued at $226,716,000 after buying an additional 4,065 shares during the period. Gulf International Bank UK Ltd raised its position in shares of MercadoLibre by 33.4% during the first quarter. Gulf International Bank UK Ltd now owns 4,960 shares of the company’s stock worth $7,499,000 after acquiring an additional 1,241 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of MercadoLibre by 112,333.8% in the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after acquiring an additional 146,034 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Down 0.3 %

Shares of MELI traded down $5.04 during trading hours on Thursday, reaching $1,591.44. The stock had a trading volume of 207,688 shares, compared to its average volume of 267,659. The company has a market capitalization of $80.69 billion, a price-to-earnings ratio of 71.21, a P/E/G ratio of 1.17 and a beta of 1.60. The firm has a 50-day simple moving average of $1,629.80 and a 200 day simple moving average of $1,607.02. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same period last year, the firm earned $3.97 earnings per share. Equities research analysts predict that MercadoLibre, Inc. will post 33.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MELI. Wedbush reissued an “outperform” rating and set a $1,800.00 target price on shares of MercadoLibre in a research report on Friday, May 3rd. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target for the company in a report on Tuesday, April 23rd. Finally, Barclays boosted their price objective on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,881.92.

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.