MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,118 shares of the company’s stock after selling 839 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in MercadoLibre were worth $4,900,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MELI. WCM Investment Management LLC increased its stake in shares of 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 purchasing an additional 497,535 shares in the last quarter. Morgan Stanley boosted its stake in shares of MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after acquiring an additional 236,744 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of MercadoLibre by 112,333.8% during the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in MercadoLibre by 30.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock worth $401,841,000 after acquiring an additional 111,751 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of MercadoLibre by 108.1% in the third 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. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

MELI has been the subject of several research analyst reports. Barclays dropped their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. UBS Group dropped their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Citigroup cut their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $1,813.85.

MercadoLibre Trading Down 1.0 %

MercadoLibre stock opened at $1,356.43 on Friday. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The firm’s 50-day moving average is $1,559.84 and its 200-day moving average is $1,523.45. 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 $68.77 billion, a P/E ratio of 69.42, a PEG ratio of 0.88 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last issued 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). The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.25 EPS. On average, equities analysts expect that MercadoLibre, Inc. will post 35.77 earnings per share for the current 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.