Sarasin & Partners LLP Sells 4,414 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Sarasin & Partners LLP cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,102 shares of the company's stock after selling 4,414 shares during the quarter. Sarasin & Partners LLP owned about 0.12% of MercadoLibre worth $119,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MELI. Oppenheimer & Co. Inc. raised its position in shares of MercadoLibre by 11.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock worth $2,328,000 after purchasing an additional 143 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in MercadoLibre in the 4th quarter worth about $2,619,000. Prospect Financial Services LLC raised its holdings in MercadoLibre by 41.7% during the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock worth $663,000 after buying an additional 100 shares during the period. Jones Financial Companies Lllp lifted its stake in MercadoLibre by 34.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company's stock valued at $5,957,000 after buying an additional 891 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of MercadoLibre by 47.3% in the fourth quarter. Apollon Wealth Management LLC now owns 629 shares of the company's stock worth $1,070,000 after buying an additional 202 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.1%

MELI stock traded up $3.16 during mid-day trading on Friday, hitting $2,371.98. The stock had a trading volume of 341,577 shares, compared to its average volume of 385,718. The stock has a market capitalization of $120.25 billion, a price-to-earnings ratio of 62.92, a PEG ratio of 1.12 and a beta of 1.51. The company has a fifty day moving average of $2,340.95 and a 200 day moving average of $2,074.37. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,635.88. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

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, beating analysts' consensus estimates of $7.82 by $1.92. The firm had revenue of $5.94 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $6.78 earnings per share. On average, equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a report on Monday, June 2nd. Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research note on Wednesday. Barclays boosted 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. Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Finally, Bank of America lifted 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,632.50.

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.