Moody National Bank Trust Division Sells 366 Shares of MercadoLibre, Inc. $MELI

Moody National Bank Trust Division decreased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 34.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 690 shares of the company’s stock after selling 366 shares during the period. Moody National Bank Trust Division’s holdings in MercadoLibre were worth $1,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lavaca Capital LLC raised its position in shares of MercadoLibre by 140,201.3% in the 2nd quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after acquiring an additional 1,065,530 shares during the period. Assenagon Asset Management S.A. boosted its stake in MercadoLibre by 803.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 333,455 shares of the company’s stock worth $671,665,000 after acquiring an additional 296,543 shares during the last quarter. Norges Bank acquired a new position in MercadoLibre during the second quarter valued at approximately $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in MercadoLibre by 304.7% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock valued at $666,744,000 after purchasing an additional 192,071 shares during the period. Finally, Flossbach Von Storch SE increased its stake in MercadoLibre by 1,669.4% in the third quarter. Flossbach Von Storch SE now owns 181,719 shares of the company’s stock valued at $424,666,000 after purchasing an additional 171,449 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MELI. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lowered MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $2,650.00 to $2,100.00 in a report on Thursday, March 12th. Finally, Morgan Stanley decreased their target price on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,708.67.

MercadoLibre Stock Performance

Shares of MELI opened at $1,639.47 on Thursday. The firm has a market cap of $83.12 billion, a P/E ratio of 41.61, a PEG ratio of 0.83 and a beta of 1.48. MercadoLibre, Inc. has a twelve month low of $1,606.21 and a twelve month high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The firm’s 50 day moving average price is $1,920.00 and its two-hundred day moving average price is $2,075.20.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the company earned $12.61 EPS. The firm’s revenue was up 44.6% on a year-over-year basis. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.