MercadoLibre, Inc. (NASDAQ:MELI) Stock Holdings Lowered by MML Investors Services LLC

MML Investors Services LLC cut its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,448 shares of the company's stock after selling 931 shares during the period. MML Investors Services LLC's holdings in MercadoLibre were worth $5,863,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MELI. Human Investing LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its position in MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. grew its stake in MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares during the period. Covestor Ltd acquired a new stake in shares of MercadoLibre in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at $32,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MELI has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Susquehanna raised their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. New Street Research raised 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 report on Thursday, January 30th. Finally, Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MercadoLibre currently has a consensus rating of "Buy" and a consensus target price of $2,464.67.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded up $21.04 during trading hours on Friday, hitting $2,225.85. The stock had a trading volume of 284,084 shares, compared to its average volume of 385,686. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock's fifty day simple moving average is $2,050.36 and its 200 day simple moving average is $1,965.68. The firm has a market capitalization of $112.84 billion, a price-to-earnings ratio of 59.04, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 1-year low of $1,419.86 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 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.