MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,076 shares of the company's stock after selling 146 shares during the period. Loomis Sayles & Co. L P owned 0.18% of MercadoLibre worth $151,468,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MELI. FMR LLC grew its stake in MercadoLibre by 18.6% during the 3rd quarter. FMR LLC now owns 878,996 shares of the company's stock worth $1,803,665,000 after buying an additional 137,564 shares during the last quarter. State Street Corp boosted its holdings in shares of MercadoLibre by 3.1% in the 3rd quarter. State Street Corp now owns 404,584 shares of the company's stock valued at $830,190,000 after acquiring an additional 12,000 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of MercadoLibre by 52.9% during the third quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock worth $717,525,000 after purchasing an additional 120,922 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in MercadoLibre during the 4th quarter worth about $565,306,000. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of MercadoLibre by 8.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company's stock valued at $438,232,000 after buying an additional 21,063 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

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MercadoLibre Price Performance

MELI stock traded down $104.54 during mid-day trading on Monday, reaching $1,943.53. The company's stock had a trading volume of 274,026 shares, compared to its average volume of 373,964. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company's 50 day moving average is $2,028.39 and its two-hundred day moving average is $1,973.66. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The stock has a market cap of $98.53 billion, a PE ratio of 51.69, a P/E/G ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate 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%. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the topic of several recent research reports. Susquehanna upped their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their price target for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target on the stock in a research report on Tuesday, January 21st. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.