MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 138,724 shares of the company’s stock after selling 3,797 shares during the period. Wasatch Advisors LP’s holdings in MercadoLibre were worth $209,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. Townsquare Capital LLC raised its holdings in MercadoLibre by 0.9% during the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock worth $1,964,000 after purchasing an additional 14 shares in the last quarter. Vestor Capital LLC raised its stake in shares of MercadoLibre by 10.0% in the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after buying an additional 8 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of MercadoLibre by 2.3% in the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock valued at $226,716,000 after buying an additional 4,065 shares during the period. Gulf International Bank UK Ltd boosted its stake in MercadoLibre by 33.4% during the first quarter. Gulf International Bank UK Ltd now owns 4,960 shares of the company’s stock valued at $7,499,000 after buying an additional 1,241 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after acquiring an additional 146,034 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 0.1 %

NASDAQ:MELI traded down $1.12 during trading hours on Tuesday, hitting $1,596.48. 297,444 shares of the company’s stock traded hands, compared to its average volume of 375,690. The stock’s fifty day moving average price is $1,621.34 and its two-hundred day moving average price is $1,607.20. The firm has a market cap of $80.94 billion, a P/E ratio of 71.77, a P/E/G ratio of 1.20 and a beta of 1.60. 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, 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 earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.97 EPS. On average, research analysts expect that MercadoLibre, Inc. will post 33.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MELI. UBS Group cut their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Wedbush restated an “outperform” rating and set a $1,800.00 target price on shares of MercadoLibre in a report on Friday, May 3rd. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. Barclays increased their price objective on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Finally, Citigroup decreased their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,881.92.

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.