MercadoLibre, Inc. (NASDAQ:MELI) Holdings Decreased by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,255 shares of the company's stock after selling 2,423 shares during the quarter. MercadoLibre comprises approximately 2.5% of Motley Fool Wealth Management LLC's portfolio, making the stock its 8th biggest holding. Motley Fool Wealth Management LLC owned approximately 0.06% of MercadoLibre worth $48,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MELI. Summitry LLC boosted its holdings in shares of MercadoLibre by 50.0% in the 4th quarter. Summitry LLC now owns 147 shares of the company's stock valued at $250,000 after purchasing an additional 49 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of MercadoLibre in the 4th quarter valued at $599,000. Wambolt & Associates LLC acquired a new position in shares of MercadoLibre during the 4th quarter valued at $207,000. Meiji Yasuda Asset Management Co Ltd. boosted its position in MercadoLibre by 6.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,602 shares of the company's stock worth $4,425,000 after purchasing an additional 148 shares during the period. Finally, Prestige Wealth Management Group LLC increased its holdings in MercadoLibre by 20.5% in the 4th quarter. Prestige Wealth Management Group LLC now owns 88 shares of the company's stock valued at $150,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MELI shares. JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Bank of America raised their price target 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. Susquehanna upped their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Raymond James raised shares of 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. Finally, The Goldman Sachs Group boosted their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, MercadoLibre has an average rating of "Buy" and an average target price of $2,402.81.

MercadoLibre Price Performance

NASDAQ:MELI traded down $47.78 during trading hours on Friday, reaching $2,048.07. 326,428 shares of the company's stock were exchanged, compared to its average volume of 374,317. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $103.83 billion, a P/E ratio of 54.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The business's 50-day simple moving average is $2,028.39 and its two-hundred day simple moving average is $1,974.17.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.