MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,041 shares of the company's stock after selling 54,593 shares during the period. Sei Investments Co. owned about 0.22% of MercadoLibre worth $192,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MELI. 1620 Investment Advisors Inc. raised its stake in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after purchasing an additional 5 shares during the period. Nvwm LLC increased its stake in MercadoLibre by 0.5% during the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock worth $1,933,000 after buying an additional 6 shares during the period. Perigon Wealth Management LLC increased its stake in MercadoLibre by 0.7% during the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after buying an additional 7 shares during the period. GPS Wealth Strategies Group LLC boosted its position in MercadoLibre by 17.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock valued at $78,000 after buying an additional 7 shares during the last quarter. Finally, Savant Capital LLC boosted its position in MercadoLibre by 2.3% in the 4th quarter. Savant Capital LLC now owns 308 shares of the company's stock valued at $524,000 after buying an additional 7 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

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Analyst Upgrades and Downgrades

MELI has been the topic of several recent analyst reports. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Bank of America increased their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Cantor Fitzgerald upped their price objective 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 boosted 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, Susquehanna raised their price objective 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, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $2,402.81.

MercadoLibre Stock Performance

MELI traded up $57.19 during trading hours on Tuesday, hitting $2,191.50. The company's stock had a trading volume of 139,249 shares, compared to its average volume of 405,126. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The company has a 50-day simple moving average of $2,005.48 and a 200 day simple moving average of $1,971.33. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $111.10 billion, a PE ratio of 58.12, a PEG ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS 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.