MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,764 shares of the company's stock after selling 6,502 shares during the period. Teacher Retirement System of Texas owned about 0.08% of MercadoLibre worth $69,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MELI. GS Investments Inc. boosted its position in MercadoLibre by 183.0% during the 4th quarter. GS Investments Inc. now owns 1,330 shares of the company's stock valued at $2,262,000 after acquiring an additional 860 shares in the last quarter. First National Bank of Hutchinson boosted its position in MercadoLibre by 54.7% during the fourth quarter. First National Bank of Hutchinson now owns 232 shares of the company's stock valued at $395,000 after purchasing an additional 82 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in MercadoLibre by 8.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company's stock valued at $438,232,000 after purchasing an additional 21,063 shares during the last quarter. GM Advisory Group LLC raised its holdings in MercadoLibre by 439.6% in the fourth quarter. GM Advisory Group LLC now owns 723 shares of the company's stock worth $1,229,000 after purchasing an additional 589 shares in the last quarter. Finally, Investment House LLC lifted its position in shares of MercadoLibre by 6.7% during the fourth quarter. Investment House LLC now owns 14,711 shares of the company's stock valued at $25,016,000 after buying an additional 928 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

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MercadoLibre Stock Performance

Shares of MELI stock traded up $39.04 during trading hours on Monday, hitting $2,134.31. The company's stock had a trading volume of 353,917 shares, compared to its average volume of 363,695. 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 company has a 50 day moving average of $1,997.59 and a 200 day moving average of $1,970.66. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The stock has a market cap of $108.20 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. The company 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%. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays boosted their price objective 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. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and increased their price objective for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. 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 report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Bank of America raised their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $2,402.81.

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.