Bogart Wealth LLC Sells 32 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Bogart Wealth LLC lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,258 shares of the company’s stock after selling 32 shares during the period. Bogart Wealth LLC’s holdings in MercadoLibre were worth $10,789,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MELI. Vanguard Group Inc. lifted its holdings in shares of MercadoLibre by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 182,392 shares of the company’s stock valued at $286,636,000 after acquiring an additional 3,577 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of MercadoLibre during the 1st quarter valued at approximately $73,000. Wealth Enhancement Advisory Services LLC raised its holdings in MercadoLibre by 19.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,482 shares of the company’s stock valued at $3,753,000 after buying an additional 396 shares during the period. Dohj LLC lifted its position in MercadoLibre by 4.0% in the first quarter. Dohj LLC now owns 338 shares of the company’s stock worth $511,000 after buying an additional 13 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in MercadoLibre during the first quarter valued at $68,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MELI shares. Redburn Atlantic assumed coverage on shares of MercadoLibre in a report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 target price for the company. Raymond James assumed coverage on MercadoLibre in a research report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 target price for the company. Bank of America increased their price target on MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 price objective on the stock. in a research report on Wednesday, October 2nd. Finally, BTIG Research increased their target price 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. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $2,301.67.

MercadoLibre Stock Up 0.5 %

Shares of MELI traded up $9.80 during trading hours on Thursday, hitting $2,048.50. The company had a trading volume of 43,053 shares, compared to its average volume of 346,163. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $103.85 billion, a PE ratio of 91.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. MercadoLibre, Inc. has a one year low of $1,162.73 and a one year high of $2,161.73. The company’s fifty day moving average price is $2,044.50 and its two-hundred day moving average price is $1,775.88.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period in the previous year, the company posted $5.16 earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. As a group, equities analysts forecast that MercadoLibre, Inc. will post 37.55 earnings per share for the current fiscal year.

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.