Mercadolibre Inc (MELI) Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lowered its position in Mercadolibre Inc (NASDAQ:MELI) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,970 shares of the company’s stock after selling 181 shares during the period. Cabot Wealth Management Inc.’s holdings in Mercadolibre were worth $3,735,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its position in Mercadolibre by 79.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 408 shares of the company’s stock worth $139,000 after purchasing an additional 181 shares during the last quarter. HMS Capital Management LLC bought a new position in Mercadolibre in the 2nd quarter worth approximately $211,000. Wagner Bowman Management Corp bought a new position in Mercadolibre in the 3rd quarter worth approximately $214,000. Paloma Partners Management Co bought a new position in Mercadolibre in the 2nd quarter worth approximately $239,000. Finally, Natixis bought a new position in Mercadolibre in the 2nd quarter worth approximately $253,000. Institutional investors own 95.39% of the company’s stock.

MELI opened at $310.41 on Wednesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.15 and a quick ratio of 1.15. Mercadolibre Inc has a 52 week low of $233.51 and a 52 week high of $417.91. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 122.69 and a beta of 2.03.

Mercadolibre (NASDAQ:MELI) last released its earnings results on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.04). Mercadolibre had a positive return on equity of 4.32% and a negative net margin of 4.39%. The business had revenue of $335.40 million for the quarter, compared to analyst estimates of $333.98 million. During the same period in the prior year, the firm posted $0.61 EPS. Mercadolibre’s revenue was up 18.1% on a year-over-year basis. Equities analysts expect that Mercadolibre Inc will post -0.48 EPS for the current year.

Several research analysts recently weighed in on MELI shares. Zacks Investment Research cut shares of Mercadolibre from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. ValuEngine upgraded shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 22nd. Piper Jaffray Companies boosted their price objective on shares of Mercadolibre to $376.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Stifel Nicolaus upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and set a $380.00 price objective for the company in a research report on Tuesday, August 21st. Finally, UBS Group upgraded shares of Mercadolibre from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $359.08.

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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