Martin Currie Ltd. Sells 2,221 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Martin Currie Ltd. trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,225 shares of the company's stock after selling 2,221 shares during the period. MercadoLibre makes up 2.6% of Martin Currie Ltd.'s investment portfolio, making the stock its 13th largest holding. Martin Currie Ltd. owned about 0.08% of MercadoLibre worth $71,801,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MELI. Thrivent Financial for Lutherans increased its position in shares of MercadoLibre by 11.9% during the third quarter. Thrivent Financial for Lutherans now owns 197 shares of the company's stock valued at $404,000 after acquiring an additional 21 shares during the last quarter. Townsquare Capital LLC increased its position in shares of MercadoLibre by 4.7% during the 3rd quarter. Townsquare Capital LLC now owns 1,782 shares of the company's stock valued at $3,657,000 after purchasing an additional 80 shares during the last quarter. Bridgewater Associates LP raised its stake in shares of MercadoLibre by 17.0% during the 3rd quarter. Bridgewater Associates LP now owns 1,837 shares of the company's stock worth $3,769,000 after purchasing an additional 267 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of MercadoLibre in the 3rd quarter worth about $273,000. Finally, Fiduciary Trust Co raised its position in MercadoLibre by 16.1% in the third quarter. Fiduciary Trust Co now owns 511 shares of the company's stock worth $1,049,000 after acquiring an additional 71 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MELI shares. Susquehanna boosted their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. Barclays increased their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Cantor Fitzgerald boosted their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. The Goldman Sachs Group increased their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $2,402.81.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded up $7.71 during midday trading on Thursday, reaching $1,941.74. 302,960 shares of the company's stock traded hands, compared to its average volume of 377,675. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54. The stock has a 50 day moving average of $2,034.60 and a 200 day moving average of $1,970.61. The company has a market cap of $98.44 billion, a price-to-earnings ratio of 51.51, a P/E/G 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.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping the consensus estimate of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. As a group, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.