MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 76.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,136 shares of the company's stock after selling 13,373 shares during the period. MercadoLibre comprises about 11.5% of Truxt Investmentos Ltda.'s portfolio, making the stock its 3rd largest position. Truxt Investmentos Ltda.'s holdings in MercadoLibre were worth $7,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MELI. Human Investing LLC bought a new stake in MercadoLibre in the 4th quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. raised its holdings in shares of MercadoLibre by 220.0% in the fourth 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 during the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 8 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre in the fourth quarter worth $32,000. Finally, Mather Group LLC. boosted its holdings in MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after purchasing an additional 12 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of NASDAQ MELI traded up $149.53 during mid-day trading on Friday, reaching $2,260.00. 1,256,768 shares of the company were exchanged, compared to its average volume of 371,354. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54. The stock has a market capitalization of $114.58 billion, a P/E ratio of 79.75, a P/E/G ratio of 1.10 and a beta of 1.62. The company's 50-day simple moving average is $1,858.57 and its 200-day simple moving average is $1,952.94. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The company had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a return on equity of 40.71% and a net margin of 7.57%. As a group, research analysts predict that MercadoLibre, Inc. will post 32.98 earnings per share for the current year.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MELI shares. Susquehanna lifted their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday. BTIG Research lowered their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Barclays increased their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley lowered their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. cut their price objective on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, MercadoLibre has an average rating of "Buy" and an average price target of $2,364.06.

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.