B. Metzler seel. Sohn & Co. AG Lowers Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MELI. Human Investing LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. lifted its position in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 8 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in MercadoLibre during the 4th quarter worth approximately $32,000. Finally, Mather Group LLC. raised its stake in shares of MercadoLibre by 171.4% during the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after buying an additional 12 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MELI. JPMorgan Chase & Co. upped their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Bank of America increased their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Susquehanna boosted their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and increased their target price for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Finally, Cantor Fitzgerald boosted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, MercadoLibre presently has a consensus rating of "Buy" and an average target price of $2,402.81.

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MercadoLibre Price Performance

MELI stock traded down $35.87 during trading on Tuesday, hitting $1,915.00. The stock had a trading volume of 682,422 shares, compared to its average volume of 376,957. The stock has a market cap of $97.08 billion, a price-to-earnings ratio of 50.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. 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's 50 day moving average price is $2,032.29 and its two-hundred day moving average price is $1,970.87. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

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.