MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 64.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,932 shares of the company's stock after selling 152,944 shares during the period. MercadoLibre accounts for approximately 1.1% of Axiom Investors LLC DE's investment portfolio, making the stock its 24th biggest holding. Axiom Investors LLC DE owned about 0.17% of MercadoLibre worth $142,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MELI. 1620 Investment Advisors Inc. lifted its holdings in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock worth $346,000 after purchasing an additional 5 shares during the period. Nvwm LLC lifted its stake in MercadoLibre by 0.5% during the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after acquiring an additional 6 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of MercadoLibre by 0.7% in the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock valued at $1,758,000 after acquiring an additional 7 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of MercadoLibre by 17.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock worth $78,000 after acquiring an additional 7 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of MercadoLibre by 2.3% during the fourth quarter. Savant Capital LLC now owns 308 shares of the company's stock worth $524,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

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MercadoLibre Stock Performance

NASDAQ:MELI traded down $35.87 during trading hours on Tuesday, reaching $1,915.00. 682,422 shares of the company's stock were exchanged, compared to its average volume of 376,957. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $97.08 billion, a price-to-earnings ratio of 50.80, a P/E/G ratio of 1.12 and a beta of 1.64. The company has a 50-day moving average of $2,032.29 and a 200 day moving average of $1,970.87.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly 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 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 analyst estimates of $5.94 billion. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target 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. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Cantor Fitzgerald increased their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Barclays lifted 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. Finally, Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target on the stock in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Buy" and a consensus target price of $2,402.81.

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.