Shelton Capital Management cut its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,039 shares of the company's stock after selling 149 shares during the period. Shelton Capital Management's holdings in MercadoLibre were worth $10,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in MercadoLibre by 0.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after buying an additional 2,048 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of MercadoLibre by 9.4% during the fourth quarter. Schroder Investment Management Group now owns 443,156 shares of the company's stock valued at $753,560,000 after buying an additional 38,261 shares during the period. Wellington Management Group LLP grew its stake in shares of MercadoLibre by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 380,956 shares of the company's stock valued at $647,793,000 after buying an additional 31,278 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth approximately $565,306,000. Finally, Royal London Asset Management Ltd. lifted its stake in shares of MercadoLibre by 8.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company's stock worth $438,232,000 after acquiring an additional 21,063 shares during the last quarter. 87.62% of the stock is owned by institutional investors.
Analyst Ratings Changes
MELI has been the topic of a number of recent analyst reports. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research note on Tuesday, January 21st. Barclays raised their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Susquehanna raised their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Finally, Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. 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's stock. According to MarketBeat.com, MercadoLibre has an average rating of "Buy" and an average target price of $2,409.69.
Check Out Our Latest Stock Report on MercadoLibre
MercadoLibre Trading Up 3.3 %
MELI stock traded up $62.96 during trading on Friday, reaching $1,996.95. 358,711 shares of the stock were exchanged, compared to its average volume of 388,054. The business has a 50 day moving average price of $2,036.16 and a 200-day moving average price of $1,957.92. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. 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 $101.24 billion, a price-to-earnings ratio of 52.97, a P/E/G ratio of 1.12 and a beta of 1.62.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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 firm had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.
MercadoLibre Profile
(
Free Report)
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.
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