Vestor Capital LLC Sells 8 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Vestor Capital LLC reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80 shares of the company’s stock after selling 8 shares during the quarter. Vestor Capital LLC’s holdings in MercadoLibre were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of MercadoLibre by 1,600.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock valued at $28,000 after acquiring an additional 16 shares in the last quarter. Optimum Investment Advisors increased its position in MercadoLibre by 750.0% during the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after purchasing an additional 15 shares during the period. Financial Connections Group Inc. bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $36,000. Quarry LP bought a new stake in shares of MercadoLibre in the 2nd quarter valued at about $43,000. Finally, NBC Securities Inc. lifted its position in shares of MercadoLibre by 35.0% in the 3rd quarter. NBC Securities Inc. now owns 27 shares of the company’s stock worth $55,000 after purchasing an additional 7 shares during the period. 87.62% of the stock is owned by institutional investors.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,011.30 on Monday. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,161.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The firm has a market cap of $101.97 billion, a price-to-earnings ratio of 74.26, a PEG ratio of 1.24 and a beta of 1.61. The firm’s fifty day moving average is $2,050.38 and its two-hundred day moving average is $1,807.21.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $1.95. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period last year, the firm earned $5.16 EPS. Research analysts expect that MercadoLibre, Inc. will post 37.7 EPS for the current year.

Wall Street Analyst Weigh In

MELI has been the topic of several research reports. Raymond James began coverage on shares of MercadoLibre in a report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price objective on the stock. Susquehanna boosted their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research report on Wednesday, August 28th. BTIG Research upped their price objective on MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 target price for the company. in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised their price target on MercadoLibre from $2,175.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,301.67.

About MercadoLibre

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.