Krane Funds Advisors LLC Sells 166 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Krane Funds Advisors LLC lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 54.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141 shares of the company’s stock after selling 166 shares during the period. Krane Funds Advisors LLC’s holdings in MercadoLibre were worth $222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MELI. WCM Investment Management LLC raised its position in shares of MercadoLibre by 74.8% in the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after purchasing an additional 497,535 shares during the period. Norges Bank purchased a new position in MercadoLibre during the fourth quarter valued at approximately $554,386,000. Morgan Stanley grew its stake in MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after acquiring an additional 236,744 shares in the last quarter. International Assets Investment Management LLC grew its stake in MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock valued at $229,703,000 after acquiring an additional 146,034 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in MercadoLibre by 1,432.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,355 shares of the company’s stock valued at $200,140,000 after acquiring an additional 119,043 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.1 %

Shares of MELI traded up $1.61 during mid-day trading on Friday, reaching $1,582.14. The company’s stock had a trading volume of 223,146 shares, compared to its average volume of 298,570. The stock has a market cap of $80.21 billion, a PE ratio of 70.79, a P/E/G ratio of 1.16 and a beta of 1.60. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company’s fifty day moving average price is $1,581.80 and its two-hundred day moving average price is $1,606.84.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, topping analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business posted $3.97 EPS. The business’s quarterly revenue was up 36.0% on a year-over-year basis. On average, analysts predict that MercadoLibre, Inc. will post 33.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MELI has been the subject of several recent analyst reports. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target for the company in a research note on Tuesday, April 23rd. New Street Research cut shares of MercadoLibre from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Susquehanna boosted their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and boosted their price target for the stock from $1,400.00 to $2,100.00 in a research note on Monday, May 20th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $1,881.92.

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.