Atria Investments Inc lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,441 shares of the company's stock after selling 664 shares during the period. Atria Investments Inc's holdings in MercadoLibre were worth $4,151,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of MELI. Human Investing LLC bought a new stake in shares of MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. grew its holdings in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 8 shares during the period. Heck Capital Advisors LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at $32,000. Finally, Mather Group LLC. lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 87.62% of the company's stock.
A number of analysts recently weighed in on the company. Susquehanna increased their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. 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 note on Friday, February 21st. Morgan Stanley cut their price objective on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. The Goldman Sachs Group increased their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Citigroup dropped their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. Two 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, the company currently has a consensus rating of "Buy" and a consensus target price of $2,402.81.
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MELI stock traded down $35.91 during trading on Friday, reaching $2,009.34. 771,526 shares of the stock were exchanged, compared to its average volume of 390,880. The firm's 50 day moving average is $1,942.41 and its 200 day moving average is $1,970.16. The firm has a market cap of $101.87 billion, a P/E ratio of 53.30, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. As a group, research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.
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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