Integrated Advisors Network LLC Lowers Position in MercadoLibre, Inc. (NASDAQ:MELI)

Integrated Advisors Network LLC reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 45.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 666 shares of the company's stock after selling 563 shares during the period. Integrated Advisors Network LLC's holdings in MercadoLibre were worth $1,132,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MELI. Oppenheimer & Co. Inc. grew its position in MercadoLibre by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock worth $2,328,000 after purchasing an additional 143 shares in the last quarter. Ninety One North America Inc. purchased a new position in shares of MercadoLibre in the 4th quarter worth approximately $4,923,000. Paragon Capital Management Inc. boosted its stake in shares of MercadoLibre by 58.5% in the 4th quarter. Paragon Capital Management Inc. now owns 1,637 shares of the company's stock worth $2,784,000 after buying an additional 604 shares during the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $63,613,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $2,619,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MELI. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Barclays boosted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Susquehanna raised their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Bank of America boosted their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus price target of $2,572.86.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded down $5.22 during trading on Thursday, hitting $2,545.49. 200,055 shares of the company were exchanged, compared to its average volume of 382,298. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88. The stock has a 50 day moving average of $2,217.71 and a 200 day moving average of $2,030.61. 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 $129.05 billion, a PE ratio of 67.52, a P/E/G ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the company posted $6.78 EPS. The firm's revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.