B. Metzler seel. Sohn & Co. AG Reduces Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

B. Metzler seel. Sohn & Co. AG lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 8.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,755 shares of the company’s stock after selling 1,115 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in MercadoLibre were worth $20,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Summit Financial LLC lifted its stake in MercadoLibre by 15.6% in the fourth quarter. Summit Financial LLC now owns 2,831 shares of the company’s stock worth $4,814,000 after acquiring an additional 383 shares during the period. Alliancebernstein L.P. lifted its stake in shares of MercadoLibre by 30.3% during the 4th quarter. Alliancebernstein L.P. now owns 126,895 shares of the company’s stock worth $215,777,000 after purchasing an additional 29,529 shares during the last quarter. AIA Group Ltd grew its stake in MercadoLibre by 1.1% in the fourth quarter. AIA Group Ltd now owns 9,513 shares of the company’s stock valued at $16,176,000 after purchasing an additional 101 shares during the last quarter. Wellington Management Group LLP raised its holdings in MercadoLibre by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 380,956 shares of the company’s stock worth $647,793,000 after purchasing an additional 31,278 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of MercadoLibre by 9.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,280 shares of the company’s stock valued at $5,577,000 after buying an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

MELI has been the subject of several recent analyst reports. Cantor Fitzgerald boosted their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and upped their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a research report on Tuesday, January 21st. Susquehanna upped their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Finally, Wedbush lowered their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre has a consensus rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Stock Down 2.3 %

Shares of MELI opened at $2,048.07 on Monday. The company’s 50-day simple moving average is $2,028.39 and its 200-day simple moving average is $1,973.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The stock has a market capitalization of $103.83 billion, a PE ratio of 54.33, a P/E/G ratio of 1.12 and a beta of 1.64.

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

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.