Motley Fool Wealth Management LLC Sells 1,252 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Motley Fool Wealth Management LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 3.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,161 shares of the company’s stock after selling 1,252 shares during the period. MercadoLibre comprises 2.9% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Motley Fool Wealth Management LLC’s holdings in MercadoLibre were worth $55,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. IFP Advisors Inc grew its holdings in MercadoLibre by 19.3% during the third quarter. IFP Advisors Inc now owns 216 shares of the company’s stock valued at $274,000 after purchasing an additional 35 shares during the last quarter. Impact Partnership Wealth LLC boosted its position in shares of MercadoLibre by 118.8% in the third quarter. Impact Partnership Wealth LLC now owns 35 shares of the company’s stock valued at $44,000 after acquiring an additional 19 shares during the period. Handelsbanken Fonder AB lifted its position in MercadoLibre by 0.4% in the third quarter. Handelsbanken Fonder AB now owns 21,943 shares of the company’s stock worth $27,821,000 after purchasing an additional 96 shares during the period. Simplicity Solutions LLC lifted its position in MercadoLibre by 6.4% in the third quarter. Simplicity Solutions LLC now owns 975 shares of the company’s stock worth $1,236,000 after purchasing an additional 59 shares during the period. Finally, Proffitt & Goodson Inc. bought a new position in MercadoLibre in the third quarter worth $32,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 3.1 %

MELI stock traded up $42.17 during midday trading on Friday, reaching $1,406.00. The stock had a trading volume of 443,331 shares, compared to its average volume of 319,014. The business has a fifty day simple moving average of $1,523.37 and a two-hundred day simple moving average of $1,530.57. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a market cap of $71.28 billion, a price-to-earnings ratio of 71.95, a PEG ratio of 0.94 and a beta of 1.44. 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, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the business posted $3.25 EPS. MercadoLibre’s quarterly revenue was up 42.0% on a year-over-year basis. As a group, research analysts expect that MercadoLibre, Inc. will post 34.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted 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. Wedbush lowered their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group lowered their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Susquehanna raised their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

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.