Robeco Institutional Asset Management B.V. Trims Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Robeco Institutional Asset Management B.V. lowered its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,323 shares of the company's stock after selling 8,897 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of MercadoLibre worth $195,717,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG purchased a new position in MercadoLibre during the fourth quarter worth about $561,000. Sigma Planning Corp increased its holdings in MercadoLibre by 17.6% during the 4th quarter. Sigma Planning Corp now owns 521 shares of the company's stock worth $886,000 after purchasing an additional 78 shares during the last quarter. IFP Advisors Inc raised its holdings in MercadoLibre by 9.7% in the fourth quarter. IFP Advisors Inc now owns 349 shares of the company's stock valued at $593,000 after acquiring an additional 31 shares in the last quarter. ARK Investment Management LLC increased its holdings in MercadoLibre by 27.8% in the fourth quarter. ARK Investment Management LLC now owns 31,171 shares of the company's stock valued at $53,004,000 after buying an additional 6,773 shares during the last quarter. Finally, Impact Investors Inc bought a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $232,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.5%

MercadoLibre stock opened at $2,540.50 on Thursday. The firm has a 50 day simple moving average of $2,413.70 and a 200 day simple moving average of $2,099.89. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. MercadoLibre, Inc. has a 1-year low of $1,563.21 and a 1-year high of $2,635.88. The firm has a market capitalization of $128.80 billion, a price-to-earnings ratio of 62.48, a P/E/G ratio of 1.50 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The business had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same period in the prior year, the company posted $6.78 EPS. The business's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of analyst reports. Benchmark lowered MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday. Barclays upped their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research note on Wednesday, June 11th. Finally, Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned 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, the company presently has an average rating of "Moderate Buy" and an average price target of $2,632.50.

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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