MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,688 shares of the company's stock after selling 4,271 shares during the quarter. MercadoLibre accounts for about 4.4% of Zevenbergen Capital Investments LLC's holdings, making the stock its 8th biggest holding. Zevenbergen Capital Investments LLC owned about 0.25% of MercadoLibre worth $217,126,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its stake in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company's stock worth $193,137,000 after acquiring an additional 73,336 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company's stock worth $404,000 after purchasing an additional 21 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in MercadoLibre during the 3rd quarter worth about $209,000. Cerity Partners LLC raised its position in MercadoLibre by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 4,875 shares of the company's stock valued at $10,003,000 after purchasing an additional 993 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of MercadoLibre by 11.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 426 shares of the company's stock valued at $874,000 after buying an additional 43 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

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MercadoLibre Stock Performance

Shares of MELI traded up $56.99 during mid-day trading on Tuesday, hitting $2,191.30. 429,408 shares of the company's stock were exchanged, compared to its average volume of 363,942. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The business's 50 day moving average is $2,014.23 and its two-hundred day moving average is $1,972.78. The firm has a market capitalization of $111.09 billion, a P/E ratio of 58.12, a P/E/G ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping 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 business had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. On average, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on MELI shares. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Bank of America raised their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Wedbush lowered their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Barclays raised their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald upped their price objective 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. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $2,402.81.

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.