Sigma Planning Corp Has $831,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Sigma Planning Corp decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 529 shares of the company’s stock after selling 181 shares during the period. Sigma Planning Corp’s holdings in MercadoLibre were worth $831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MELI. WCM Investment Management LLC lifted its position in MercadoLibre by 74.8% during the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after buying an additional 497,535 shares in the last quarter. Morgan Stanley lifted its position in MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after purchasing an additional 236,744 shares during the period. International Assets Investment Management LLC lifted its position in MercadoLibre by 112,333.8% during the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock valued at $229,703,000 after purchasing an additional 146,034 shares during the period. Royal London Asset Management Ltd. lifted its position in MercadoLibre by 108.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock valued at $248,475,000 after purchasing an additional 101,757 shares during the period. Finally, Hardman Johnston Global Advisors LLC lifted its position in MercadoLibre by 70.9% during the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 203,083 shares of the company’s stock valued at $257,485,000 after purchasing an additional 84,239 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,395.00 on Wednesday. The business has a 50 day simple moving average of $1,546.31 and a 200 day simple moving average of $1,529.78. MercadoLibre, Inc. has a 52-week low of $1,063.02 and a 52-week high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The stock has a market cap of $70.73 billion, a price-to-earnings ratio of 71.39, a PEG ratio of 0.88 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company posted $3.25 earnings per share. MercadoLibre’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts anticipate that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MELI. JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. UBS Group cut their target price on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 price target on shares of MercadoLibre in a research note on Tuesday, March 5th. Barclays lowered their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Citigroup lowered their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average price target of $1,804.64.

MercadoLibre Company Profile

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.