AtonRa Partners Has $314,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

AtonRa Partners decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200 shares of the company’s stock after selling 40 shares during the quarter. AtonRa Partners’ holdings in MercadoLibre were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at $28,000. Archer Investment Corp acquired a new position in MercadoLibre during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $36,000. Blue Trust Inc. boosted its holdings in shares of MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after purchasing an additional 9 shares in the last quarter. Finally, Disciplined Equity Management Inc. acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $42,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MELI. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a research report on Tuesday, April 23rd. Wedbush lowered their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, UBS Group lowered their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,790.36.

MercadoLibre Stock Performance

MELI stock traded up $32.36 during midday trading on Monday, reaching $1,438.36. 334,238 shares of the company’s stock traded hands, compared to its average volume of 384,350. The company has a 50-day moving average price of $1,523.37 and a two-hundred day moving average price of $1,532.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The firm has a market capitalization of $72.92 billion, a PE ratio of 71.96, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.25 EPS. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 34.46 EPS for the current year.

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.