Beck Capital Management LLC Sells 1,381 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Beck Capital Management LLC reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,010 shares of the company's stock after selling 1,381 shares during the period. Beck Capital Management LLC's holdings in MercadoLibre were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MELI. Virtu Financial LLC bought a new position in shares of MercadoLibre during the 3rd quarter valued at about $12,784,000. Anchor Investment Management LLC boosted its holdings in MercadoLibre by 19.1% during the third quarter. Anchor Investment Management LLC now owns 629 shares of the company's stock worth $1,291,000 after buying an additional 101 shares in the last quarter. World Investment Advisors LLC grew its position in MercadoLibre by 35.7% in the third quarter. World Investment Advisors LLC now owns 475 shares of the company's stock worth $975,000 after buying an additional 125 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of MercadoLibre in the third quarter valued at $977,000. Finally, Tidal Investments LLC lifted its position in shares of MercadoLibre by 59.7% during the 3rd quarter. Tidal Investments LLC now owns 15,829 shares of the company's stock valued at $32,480,000 after acquiring an additional 5,918 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Down 1.4 %

MELI traded down $31.65 during midday trading on Monday, hitting $2,194.20. 133,541 shares of the company's stock traded hands, compared to its average volume of 384,699. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a market cap of $111.24 billion, a PE ratio of 58.19, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The stock's fifty day simple moving average is $2,050.36 and its 200-day simple moving average is $1,965.16. MercadoLibre, Inc. has a one year low of $1,419.86 and a one year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced 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. 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 the consensus estimate of $5.94 billion. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of recent analyst reports. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Susquehanna boosted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley cut their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Bank of America raised their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $2,464.67.

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.