MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Investment House LLC

Investment House LLC decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 5.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,478 shares of the company’s stock after selling 547 shares during the quarter. MercadoLibre accounts for 1.2% of Investment House LLC’s holdings, making the stock its 21st largest position. Investment House LLC’s holdings in MercadoLibre were worth $16,467,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MELI. Synergy Financial Group LTD increased its stake in shares of MercadoLibre by 0.5% in the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock worth $2,030,000 after purchasing an additional 8 shares during the period. Gateway Advisory LLC increased its position in MercadoLibre by 1.9% in the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock worth $545,000 after buying an additional 8 shares during the period. Contravisory Investment Management Inc. lifted its holdings in shares of MercadoLibre by 6.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after buying an additional 8 shares during the last quarter. Catalyst Capital Advisors LLC boosted its position in shares of MercadoLibre by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after acquiring an additional 9 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of MercadoLibre by 56.3% in the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group cut their target price on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. upped their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Susquehanna lifted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Finally, DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target for the company in a research report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,790.36.

MercadoLibre Price Performance

MercadoLibre stock traded up $35.75 on Monday, reaching $1,441.75. The company’s stock had a trading volume of 185,631 shares, compared to its average volume of 382,434. The business’s fifty day moving average price is $1,523.37 and its 200 day moving average price is $1,532.59. 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 company has a market cap of $73.10 billion, a price-to-earnings ratio of 71.96, a PEG ratio of 0.94 and a beta of 1.44. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the company earned $3.25 EPS. Equities analysts expect that MercadoLibre, Inc. will post 34.46 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.