MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC cut its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 89,583 shares of the company's stock after selling 1,777 shares during the period. MercadoLibre makes up 1.8% of Whale Rock Capital Management LLC's investment portfolio, making the stock its 23rd largest position. Whale Rock Capital Management LLC owned about 0.18% of MercadoLibre worth $152,331,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in MELI. Vident Advisory LLC grew its stake in shares of MercadoLibre by 20.9% in the fourth quarter. Vident Advisory LLC now owns 289 shares of the company's stock valued at $491,000 after buying an additional 50 shares in the last quarter. Visionary Wealth Advisors increased its stake in MercadoLibre by 16.7% during the 4th quarter. Visionary Wealth Advisors now owns 720 shares of the company's stock worth $1,225,000 after buying an additional 103 shares during the period. Tremblant Capital Group lifted its holdings in MercadoLibre by 0.5% in the 4th quarter. Tremblant Capital Group now owns 23,623 shares of the company's stock worth $40,169,000 after buying an additional 118 shares in the last quarter. Tybourne Capital Management HK Ltd. boosted its position in MercadoLibre by 19.6% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 1,288 shares of the company's stock valued at $2,190,000 after buying an additional 211 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of MercadoLibre by 9.5% during the fourth quarter. Toronto Dominion Bank now owns 6,533 shares of the company's stock valued at $11,109,000 after acquiring an additional 566 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,578.35 on Tuesday. The stock's 50 day moving average price is $2,146.51 and its 200 day moving average price is $2,003.13. 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 stock has a market cap of $130.71 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 12 month low of $1,550.00 and a 12 month high of $2,610.30.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 EPS 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 business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period in the previous year, the firm earned $6.78 EPS. The business's revenue for the quarter was up 37.0% on a year-over-year basis. Equities research 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 subject of a number of analyst reports. StockNews.com downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Friday. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research note on Tuesday, January 21st. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America boosted their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $2,521.33.

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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