MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,476 shares of the company's stock after selling 70,480 shares during the period. MercadoLibre comprises about 1.1% of William Blair Investment Management LLC's investment portfolio, making the stock its 9th largest position. William Blair Investment Management LLC owned 0.51% of MercadoLibre worth $439,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. Parallel Advisors LLC boosted its holdings in shares of MercadoLibre by 9.7% in the 4th quarter. Parallel Advisors LLC now owns 215 shares of the company's stock worth $366,000 after acquiring an additional 19 shares in the last quarter. GWN Securities Inc. acquired a new position in MercadoLibre in the fourth quarter worth $409,000. Harbour Investments Inc. grew its holdings in shares of MercadoLibre by 2.1% during the fourth quarter. Harbour Investments Inc. now owns 839 shares of the company's stock worth $1,427,000 after purchasing an additional 17 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of MercadoLibre by 69.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,445 shares of the company's stock valued at $5,858,000 after buying an additional 1,411 shares in the last quarter. Finally, Frank Rimerman Advisors LLC raised its holdings in shares of MercadoLibre by 1.9% in the fourth quarter. Frank Rimerman Advisors LLC now owns 770 shares of the company's stock valued at $1,309,000 after buying an additional 14 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on MELI shares. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Citigroup reduced their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Cantor Fitzgerald lifted their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays raised their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price 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 assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $2,402.81.

MercadoLibre Stock Up 1.3 %

Shares of MELI stock traded up $27.70 during trading on Friday, reaching $2,095.27. The company's stock had a trading volume of 441,808 shares, compared to its average volume of 363,773. The company has a market cap of $106.22 billion, a price-to-earnings ratio of 55.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54. The business has a fifty day moving average price of $1,990.86 and a 200-day moving average price of $1,970.70. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. Analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Company 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.