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

Sarasin & Partners LLP trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 61,102 shares of the company's stock after selling 4,414 shares during the period. Sarasin & Partners LLP owned approximately 0.12% of MercadoLibre worth $119,202,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Human Investing LLC acquired a new stake in shares of MercadoLibre during the 4th quarter worth about $26,000. Park Square Financial Group LLC bought a new stake in MercadoLibre during the fourth quarter worth about $26,000. Covestor Ltd acquired a new stake in shares of MercadoLibre during the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $32,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $37,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MELI has been the topic of several research analyst reports. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Wall Street Zen lowered shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Barclays lifted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,613.75.

MercadoLibre Stock Down 2.1%

Shares of NASDAQ:MELI traded down $52.16 during midday trading on Tuesday, reaching $2,396.44. 501,406 shares of the company were exchanged, compared to its average volume of 383,204. The firm has a market cap of $121.49 billion, a PE ratio of 63.57, a P/E/G ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,635.88. The stock has a fifty day simple moving average of $2,298.62 and a two-hundred day simple moving average of $2,066.22. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping 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 return on equity of 51.89% and a net margin of 9.20%. The company's revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.78 EPS. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share 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.