Baillie Gifford & Co. lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,296,426 shares of the company's stock after selling 392,713 shares during the period. MercadoLibre comprises about 5.6% of Baillie Gifford & Co.'s investment portfolio, making the stock its 2nd biggest holding. Baillie Gifford & Co. owned 8.47% of MercadoLibre worth $7,305,815,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. lifted its stake in shares of MercadoLibre by 1.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,382 shares of the company's stock valued at $2,350,000 after purchasing an additional 23 shares during the last quarter. Csenge Advisory Group lifted its stake in shares of MercadoLibre by 2.7% in the 4th quarter. Csenge Advisory Group now owns 1,160 shares of the company's stock valued at $1,972,000 after purchasing an additional 30 shares during the last quarter. Nkcfo LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $170,000. Allworth Financial LP lifted its stake in shares of MercadoLibre by 102.7% in the 4th quarter. Allworth Financial LP now owns 687 shares of the company's stock valued at $1,250,000 after purchasing an additional 348 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of MercadoLibre by 169,952.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 181,956 shares of the company's stock valued at $309,405,000 after purchasing an additional 181,849 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.
MercadoLibre Price Performance
Shares of MELI stock traded up $34.68 during trading hours on Thursday, reaching $2,110.47. 727,004 shares of the company were exchanged, compared to its average volume of 344,303. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,161.73. The stock's fifty day moving average is $1,853.78 and its two-hundred day moving average is $1,951.83. The company has a market cap of $107.00 billion, a price-to-earnings ratio of 74.47, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.
MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 7.57% and a return on equity of 40.71%. Sell-side analysts forecast that MercadoLibre, Inc. will post 32.98 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on MELI shares. Barclays reduced their price objective on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating for the company in a research note on Tuesday, November 12th. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a report on Tuesday, January 21st. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, MercadoLibre has a consensus rating of "Buy" and an average price target of $2,244.69.
Check Out Our Latest Analysis on MELI
Insider Buying and Selling
In related news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.
MercadoLibre Profile
(
Free Report)
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.
Further Reading
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