Magnetar Financial LLC Trims Position in MercadoLibre, Inc. (NASDAQ:MELI)

Magnetar Financial LLC lessened its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 93.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189 shares of the company's stock after selling 2,916 shares during the quarter. Magnetar Financial LLC's holdings in MercadoLibre were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MELI. Nvwm LLC boosted its stake in shares of MercadoLibre by 0.5% in the fourth quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after purchasing an additional 6 shares during the period. Perigon Wealth Management LLC lifted its holdings in MercadoLibre by 0.7% during the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after buying an additional 7 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position in MercadoLibre by 17.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock valued at $78,000 after buying an additional 7 shares during the period. Savant Capital LLC grew its stake in shares of MercadoLibre by 2.3% in the fourth quarter. Savant Capital LLC now owns 308 shares of the company's stock worth $524,000 after acquiring an additional 7 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its position in shares of MercadoLibre by 1.6% during the fourth quarter. Personal CFO Solutions LLC now owns 452 shares of the company's stock worth $769,000 after acquiring an additional 7 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

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MercadoLibre Stock Performance

Shares of MELI stock traded up $20.88 during mid-day trading on Thursday, hitting $2,095.85. 267,512 shares of the stock were exchanged, compared to its average volume of 364,363. The stock's fifty day simple moving average is $2,018.97 and its two-hundred day simple moving average is $1,973.49. 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, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The stock has a market capitalization of $106.25 billion, a price-to-earnings ratio of 55.59, a P/E/G ratio of 1.12 and a beta of 1.64.

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, beating analysts' consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MELI. Wedbush decreased their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Barclays upped their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, Susquehanna boosted their price target 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. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $2,402.81.

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.