Acima Private Wealth LLC Decreases Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Acima Private Wealth LLC lowered its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 35.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 914 shares of the company’s stock after selling 510 shares during the quarter. Acima Private Wealth LLC’s holdings in MercadoLibre were worth $1,436,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC lifted its holdings in 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. E Fund Management Co. Ltd. increased its holdings in MercadoLibre by 33.6% during the third quarter. E Fund Management Co. Ltd. now owns 501 shares of the company’s stock valued at $636,000 after buying an additional 126 shares during the last quarter. PNC Financial Services Group Inc. raised its position in MercadoLibre by 67.0% in the third quarter. PNC Financial Services Group Inc. now owns 6,519 shares of the company’s stock worth $8,265,000 after acquiring an additional 2,615 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of MercadoLibre by 12.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,109 shares of the company’s stock valued at $47,451,000 after acquiring an additional 4,049 shares during the period. Finally, Aviva PLC increased its stake in shares of MercadoLibre by 1.4% in the 3rd quarter. Aviva PLC now owns 32,690 shares of the company’s stock worth $41,447,000 after purchasing an additional 446 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MELI shares. Susquehanna boosted their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Barclays boosted their price objective on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. UBS Group decreased 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 note on Wednesday, April 17th. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,881.92.

MercadoLibre Trading Up 0.1 %

MELI traded up $1.61 during trading on Friday, hitting $1,582.14. 223,146 shares of the stock were exchanged, compared to its average volume of 298,570. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The firm has a market cap of $80.21 billion, a price-to-earnings ratio of 70.79, a P/E/G ratio of 1.16 and a beta of 1.60. The firm has a 50 day simple moving average of $1,581.80 and a 200 day simple moving average of $1,606.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating the consensus estimate of $6.64 by $0.14. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the company posted $3.97 earnings per share. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. As a group, equities analysts expect that MercadoLibre, Inc. will post 33.81 EPS 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.