Capital Fund Management S.A. lowered its position in Mercadolibre Inc (NASDAQ:MELI) by 70.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,359 shares of the company’s stock after selling 31,200 shares during the period. Capital Fund Management S.A.’s holdings in Mercadolibre were worth $3,993,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MELI. Fortis Advisors LLC purchased a new position in shares of Mercadolibre in the first quarter valued at $112,000. HMS Capital Management LLC purchased a new position in shares of Mercadolibre in the second quarter valued at $211,000. WESPAC Advisors LLC purchased a new position in shares of Mercadolibre in the first quarter valued at $215,000. Natixis purchased a new position in shares of Mercadolibre in the second quarter valued at $253,000. Finally, Sawtooth Solutions LLC purchased a new position in shares of Mercadolibre in the second quarter valued at $257,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

MELI opened at $318.73 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.15. The firm has a market cap of $14.42 billion, a P/E ratio of 125.98 and a beta of 2.07. Mercadolibre Inc has a 52 week low of $217.06 and a 52 week high of $417.91.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). The company had revenue of $335.40 million for the quarter, compared to analyst estimates of $333.98 million. Mercadolibre had a negative net margin of 4.39% and a positive return on equity of 4.32%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. equities analysts predict that Mercadolibre Inc will post -0.44 earnings per share for the current fiscal year.

In other Mercadolibre news, Director Meyer Malka purchased 16,518 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were purchased at an average cost of $301.39 per share, with a total value of $4,978,360.02. Following the purchase, the director now owns 1,708 shares in the company, valued at $514,774.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on MELI shares. Zacks Investment Research cut Mercadolibre from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies increased their price objective on Mercadolibre to $376.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Stifel Nicolaus raised Mercadolibre from a “hold” rating to a “buy” rating and set a $380.00 price objective on the stock in a research note on Tuesday, August 21st. KeyCorp raised Mercadolibre from a “sector weight” rating to an “overweight” rating and set a $350.00 price objective on the stock in a research note on Monday, June 25th. Finally, Credit Suisse Group increased their price objective on Mercadolibre from $380.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, July 16th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Mercadolibre currently has a consensus rating of “Hold” and a consensus price target of $356.92.

Mercadolibre Company Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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