MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Virtu Financial LLC

Virtu Financial LLC cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 91.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 553 shares of the company's stock after selling 5,678 shares during the period. Virtu Financial LLC's holdings in MercadoLibre were worth $939,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Human Investing LLC bought a new stake in MercadoLibre during the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. grew its holdings in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. increased 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 purchasing an additional 8 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth $32,000. Finally, Mather Group LLC. boosted its holdings in MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after acquiring an additional 12 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MELI. Bank of America raised their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. The Goldman Sachs Group raised their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Wedbush cut their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a research note on Tuesday, January 21st. Finally, 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 report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of "Buy" and a consensus price target of $2,402.81.

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MercadoLibre Price Performance

MercadoLibre stock traded up $47.91 during trading on Tuesday, reaching $2,182.22. The company had a trading volume of 245,517 shares, compared to its average volume of 363,563. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm's 50-day simple moving average is $2,005.48 and its 200 day simple moving average is $1,971.33. The firm has a market capitalization of $110.63 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. As a group, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.