Atika Capital Management LLC Sells 14,500 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Atika Capital Management LLC lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 65.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,750 shares of the company’s stock after selling 14,500 shares during the quarter. MercadoLibre makes up approximately 1.4% of Atika Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Atika Capital Management LLC’s holdings in MercadoLibre were worth $13,178,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Human Investing LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. grew its position in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 8 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at about $32,000. Finally, Mather Group LLC. raised its position in shares of MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company’s stock worth $32,000 after acquiring an additional 12 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MELI has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their target price on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a report on Friday, February 21st. Finally, Wedbush dropped 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. Two investment 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 stock. According to data from MarketBeat, MercadoLibre currently has a consensus rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Stock Down 5.4 %

MELI stock opened at $1,841.29 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market capitalization of $93.35 billion, a price-to-earnings ratio of 48.84, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The stock has a fifty day moving average of $2,036.90 and a 200-day moving average of $1,967.86.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS 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 company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.