Motley Fool Asset Management LLC Sells 4,754 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Motley Fool Asset Management LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,519 shares of the company’s stock after selling 4,754 shares during the period. Motley Fool Asset Management LLC’s holdings in MercadoLibre were worth $10,245,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Semanteon Capital Management LP bought a new stake in MercadoLibre in the 4th quarter valued at about $864,000. Wisconsin Capital Management LLC grew its holdings in MercadoLibre by 7.9% during the 4th quarter. Wisconsin Capital Management LLC now owns 2,732 shares of the company’s stock valued at $4,293,000 after buying an additional 200 shares in the last quarter. Meritage Portfolio Management purchased a new position in MercadoLibre during the 4th quarter valued at about $201,000. Pittenger & Anderson Inc. grew its holdings in MercadoLibre by 34.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 2,146 shares of the company’s stock valued at $3,373,000 after buying an additional 545 shares in the last quarter. Finally, Lyell Wealth Management LP purchased a new position in MercadoLibre during the 4th quarter valued at about $314,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Trading Down 0.5 %

MELI stock traded down $6.17 during midday trading on Thursday, hitting $1,363.83. The company had a trading volume of 210,353 shares, compared to its average volume of 384,221. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The stock’s 50 day moving average price is $1,530.62 and its 200 day moving average price is $1,527.51. The stock has a market cap of $69.15 billion, a price-to-earnings ratio of 69.80, a PEG ratio of 0.90 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm posted $3.25 EPS. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, equities research analysts expect that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MELI shares. Barclays reduced their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Wedbush cut their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a report on Wednesday. Susquehanna boosted their price objective on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. UBS Group cut their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Citigroup cut their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $1,790.36.

MercadoLibre 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.