Chiron Investment Management LLC Sells 1,086 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Chiron Investment Management LLC decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,558 shares of the company's stock after selling 1,086 shares during the period. Chiron Investment Management LLC's holdings in MercadoLibre were worth $2,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Human Investing LLC purchased a new stake in MercadoLibre in the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its holdings in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares during the period. Covestor Ltd acquired a new stake in shares of MercadoLibre in the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth approximately $32,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 1.7 %

MELI traded up $35.00 during trading on Friday, reaching $2,099.37. 250,624 shares of the stock were exchanged, compared to its average volume of 386,426. The stock has a market cap of $106.43 billion, a P/E ratio of 55.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The stock's 50 day moving average price is $2,042.00 and its two-hundred day moving average price is $1,959.90. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. Equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MELI shares. JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Benchmark began coverage on shares of MercadoLibre in a report on Tuesday. They set a "buy" rating and a $2,500.00 price objective on the stock. Wedbush dropped their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Barclays lifted their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Morgan Stanley reduced their target price on MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Two equities research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $2,415.94.

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.