Public Employees Retirement Association of Colorado Sells 161 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Public Employees Retirement Association of Colorado reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,785 shares of the company's stock after selling 161 shares during the period. Public Employees Retirement Association of Colorado owned 0.14% of MercadoLibre worth $116,965,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Capital International Investors lifted its position in MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after buying an additional 470,829 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after purchasing an additional 405,425 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $565,306,000. Capital World Investors raised its stake in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the period. Finally, Norges Bank purchased a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $383,051,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded up $72.46 during trading on Tuesday, hitting $2,280.86. The company had a trading volume of 352,086 shares, compared to its average volume of 385,216. MercadoLibre, Inc. has a 52 week low of $1,427.95 and a 52 week high of $2,374.54. 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 company has a market cap of $115.63 billion, a P/E ratio of 60.50, a PEG ratio of 1.12 and a beta of 1.62. The business's 50-day moving average is $2,056.42 and its 200 day moving average is $1,968.17.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion for 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%. Equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of analyst reports. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley reduced their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Barclays lifted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Susquehanna lifted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $2,464.67.

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.