Hillman Co. lessened its stake in shares of Mercadolibre Inc (NASDAQ:MELI) by 16.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,885 shares of the company’s stock after selling 11,757 shares during the quarter. Mercadolibre accounts for 18.8% of Hillman Co.’s investment portfolio, making the stock its 2nd biggest position. Hillman Co.’s holdings in Mercadolibre were worth $33,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. NEXT Financial Group Inc increased its position in shares of Mercadolibre by 104.3% during the second quarter. NEXT Financial Group Inc now owns 47 shares of the company’s stock worth $29,000 after acquiring an additional 24 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Mercadolibre by 62.5% during the second quarter. CENTRAL TRUST Co now owns 52 shares of the company’s stock worth $33,000 after acquiring an additional 20 shares during the last quarter. Advisory Alpha LLC purchased a new stake in shares of Mercadolibre during the first quarter worth about $37,000. Emerald Investment Partners LLC bought a new stake in Mercadolibre in the second quarter valued at about $37,000. Finally, Next Capital Management LLC bought a new stake in Mercadolibre in the second quarter valued at about $41,000. Institutional investors own 81.50% of the company’s stock.

NASDAQ:MELI traded up $5.58 during trading hours on Thursday, hitting $537.61. 3,711 shares of the stock traded hands, compared to its average volume of 432,690. The firm has a 50 day moving average price of $569.27 and a 200 day moving average price of $577.05. The company has a current ratio of 2.54, a quick ratio of 2.53 and a debt-to-equity ratio of 0.36. Mercadolibre Inc has a fifty-two week low of $257.52 and a fifty-two week high of $698.98. The firm has a market cap of $26.69 billion, a price-to-earnings ratio of -657.53 and a beta of 1.67.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. Mercadolibre had a net margin of 0.87% and a return on equity of 1.24%. The business had revenue of $545.24 million for the quarter, compared to the consensus estimate of $507.68 million. During the same period in the prior year, the business posted ($0.25) earnings per share. Mercadolibre’s revenue for the quarter was up 62.6% compared to the same quarter last year. Research analysts predict that Mercadolibre Inc will post 0.58 EPS for the current year.

Several analysts recently weighed in on the company. BidaskClub lowered Mercadolibre from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. UBS Group set a $730.00 price objective on Mercadolibre and gave the company a “buy” rating in a report on Wednesday, June 26th. Cowen set a $651.00 price objective on Mercadolibre and gave the company a “hold” rating in a report on Monday, August 12th. Stifel Nicolaus lifted their target price on Mercadolibre from $560.00 to $650.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. Finally, BTIG Research upgraded Mercadolibre from a “neutral” rating to a “buy” rating and set a $720.00 target price for the company in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $665.69.

Mercadolibre Profile

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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