Moody National Bank Trust Division Has $1.39 Million Stake in MercadoLibre, Inc. $MELI

Moody National Bank Trust Division lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 690 shares of the company’s stock after selling 366 shares during the period. Moody National Bank Trust Division’s holdings in MercadoLibre were worth $1,390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. DAVENPORT & Co LLC raised its position in MercadoLibre by 0.9% in the 4th quarter. DAVENPORT & Co LLC now owns 5,187 shares of the company’s stock valued at $10,448,000 after purchasing an additional 45 shares during the last quarter. PFW Advisors LLC grew its holdings in shares of MercadoLibre by 18.2% during the fourth quarter. PFW Advisors LLC now owns 130 shares of the company’s stock worth $262,000 after purchasing an additional 20 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of MercadoLibre by 37.8% in the fourth quarter. Focus Financial Network Inc. now owns 613 shares of the company’s stock valued at $1,235,000 after buying an additional 168 shares in the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of MercadoLibre by 115.3% in the fourth quarter. E. Ohman J or Asset Management AB now owns 4,920 shares of the company’s stock valued at $9,910,000 after buying an additional 2,635 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of MercadoLibre by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 390 shares of the company’s stock valued at $786,000 after buying an additional 15 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.7%

Shares of NASDAQ MELI opened at $1,639.47 on Thursday. MercadoLibre, Inc. has a 1 year low of $1,606.21 and a 1 year high of $2,645.22. The firm’s 50-day moving average is $1,920.00 and its 200-day moving average is $2,075.20. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $83.12 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period last year, the firm earned $12.61 earnings per share. The company’s quarterly revenue was up 44.6% on a year-over-year basis. Equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MELI. Morgan Stanley reduced their price target on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lowered shares of MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Finally, UBS Group decreased their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,708.67.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.