Stifel Financial Corp Lowers Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Stifel Financial Corp reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,129 shares of the company's stock after selling 1,975 shares during the period. Stifel Financial Corp's holdings in MercadoLibre were worth $17,223,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Human Investing LLC purchased a new stake in MercadoLibre during the fourth quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. grew its stake in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. grew its position in shares of 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 in the last quarter. Covestor Ltd bought a new stake in shares of MercadoLibre in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

MELI opened at $2,225.85 on Friday. The stock has a 50-day moving average of $2,050.36 and a 200-day moving average of $1,966.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 52-week low of $1,376.69 and a 52-week high of $2,374.54. The company has a market cap of $112.84 billion, a PE ratio of 59.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted 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 business had revenue of $6.06 billion for 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, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MELI has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Barclays upped 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. Morgan Stanley dropped their price target on MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, Wedbush cut their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently 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.

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