Flossbach Von Storch SE Lowers Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Flossbach Von Storch SE trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,853 shares of the company's stock after selling 375 shares during the quarter. Flossbach Von Storch SE's holdings in MercadoLibre were worth $16,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its position in shares of MercadoLibre by 10.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 344 shares of the company's stock valued at $585,000 after buying an additional 33 shares during the period. Hardy Reed LLC acquired a new stake in MercadoLibre during the fourth quarter worth $213,000. Handelsbanken Fonder AB raised its position in MercadoLibre by 0.7% in the fourth quarter. Handelsbanken Fonder AB now owns 22,349 shares of the company's stock valued at $38,003,000 after purchasing an additional 158 shares during the period. Sunpointe LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $277,000. Finally, Cumberland Partners Ltd grew its holdings in shares of MercadoLibre by 27.8% during the 4th quarter. Cumberland Partners Ltd now owns 2,300 shares of the company's stock worth $3,911,000 after purchasing an additional 500 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 7.1 %

Shares of MELI traded up $149.53 during midday trading on Friday, reaching $2,260.00. The stock had a trading volume of 1,256,768 shares, compared to its average volume of 371,354. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company's fifty day simple moving average is $1,858.57 and its two-hundred day simple moving average is $1,952.94. The company has a market cap of $114.58 billion, a price-to-earnings ratio of 79.75, a PEG ratio of 1.10 and a beta of 1.62. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced 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 40.71% and a net margin of 7.57%. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. Equities research analysts expect that MercadoLibre, Inc. will post 32.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research analyst reports. Citigroup reduced their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Susquehanna boosted their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday. Morgan Stanley decreased their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Bank of America lifted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday. Finally, BTIG Research lowered their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre has a consensus rating of "Buy" and a consensus target price of $2,364.06.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the firm'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 sale, the director now owns 238 shares of the company's stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

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.