AEGON ASSET MANAGEMENT UK Plc Sells 1,199 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,611 shares of the company's stock after selling 1,199 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.06% of MercadoLibre worth $59,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caprock Group LLC grew its stake in shares of MercadoLibre by 6.1% in the fourth quarter. Caprock Group LLC now owns 595 shares of the company's stock worth $1,013,000 after purchasing an additional 34 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at about $32,000. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of MercadoLibre by 5.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,388 shares of the company's stock worth $2,360,000 after purchasing an additional 77 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in MercadoLibre by 4.6% during the 4th quarter. DAVENPORT & Co LLC now owns 5,009 shares of the company's stock valued at $8,518,000 after acquiring an additional 222 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in MercadoLibre by 2,840.0% during the fourth quarter. Spire Wealth Management now owns 441 shares of the company's stock worth $750,000 after purchasing an additional 426 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.3%

MELI stock traded up $7.78 on Thursday, reaching $2,581.74. 238,374 shares of the company traded hands, compared to its average volume of 413,628. The firm has a fifty day simple moving average of $2,264.36 and a 200-day simple moving average of $2,053.04. 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 $130.89 billion, a P/E ratio of 68.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the business earned $6.78 EPS. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MELI. Jefferies Financial Group reiterated a "hold" rating and issued a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Susquehanna upped their price target 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. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and an average target price of $2,588.00.

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.