DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 42.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,132 shares of the company's stock after selling 110,222 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.30% of MercadoLibre worth $258,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Human Investing LLC bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. increased its position in MercadoLibre by 220.0% during the 4th 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 period. Brown Lisle Cummings Inc. raised its holdings in MercadoLibre by 100.0% in the 4th 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. Covestor Ltd bought a new position in MercadoLibre in the 4th quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter worth about $32,000. Institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MELI. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Barclays upped their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Cantor Fitzgerald cut their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Susquehanna lifted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus target price of $2,464.67.

MercadoLibre Stock Up 1.5 %

MELI opened at $2,262.51 on Thursday. The stock has a market cap of $114.70 billion, a price-to-earnings ratio of 60.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. 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 fifty day moving average is $2,067.28 and its 200 day moving average is $1,977.62. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,454.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company's revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm posted $6.78 EPS. On average, sell-side analysts forecast 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.

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