MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,076 shares of the company’s stock after selling 146 shares during the quarter. Loomis Sayles & Co. L P owned about 0.18% of MercadoLibre worth $151,468,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AssuredPartners Investment Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth approximately $1,202,000. NEOS Investment Management LLC increased its position in shares of MercadoLibre by 81.0% in the fourth quarter. NEOS Investment Management LLC now owns 3,428 shares of the company’s stock worth $5,829,000 after acquiring an additional 1,534 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of MercadoLibre by 76.2% in the 4th quarter. UniSuper Management Pty Ltd now owns 16,200 shares of the company’s stock valued at $27,547,000 after acquiring an additional 7,005 shares during the period. Sava Infond d.o.o. acquired a new position in shares of MercadoLibre during the 4th quarter valued at $9,114,000. Finally, Artisan Partners Limited Partnership boosted its position in MercadoLibre by 10.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 162,169 shares of the company’s stock worth $275,759,000 after purchasing an additional 14,979 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MELI shares. Wedbush reduced their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Bank of America boosted their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group upped their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Cantor Fitzgerald lifted their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Buy” and an average target price of $2,402.81.

MercadoLibre Price Performance

Shares of MELI opened at $2,074.97 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a market cap of $105.19 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54. The stock has a 50 day moving average of $2,018.97 and a 200-day moving average of $1,973.49.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 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.