Boothbay Fund Management LLC Sells 534 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Boothbay Fund Management LLC trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 53.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 467 shares of the company's stock after selling 534 shares during the quarter. Boothbay Fund Management LLC's holdings in MercadoLibre were worth $794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MELI. Human Investing LLC purchased a new position in MercadoLibre during the fourth quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. grew its position in shares of MercadoLibre by 220.0% during 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 in the last quarter. Brown Lisle Cummings Inc. increased its holdings 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 during the last quarter. Covestor Ltd bought a new stake in shares of MercadoLibre in the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth about $32,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Down 0.6 %

MELI traded down $13.70 during trading hours on Monday, reaching $2,266.99. 82,087 shares of the company's stock traded hands, compared to its average volume of 420,047. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $2,061.51 and a 200 day moving average price of $1,972.70. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,374.54. The firm has a market capitalization of $114.93 billion, a PE ratio of 60.21, a PEG ratio of 1.12 and a beta of 1.62.

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, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.94 billion. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on MELI shares. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research note on Tuesday, January 21st. Barclays boosted their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Susquehanna increased their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Bank of America boosted their target price 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. Finally, The Goldman Sachs Group increased their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $2,464.67.

About MercadoLibre

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.