Twinbeech Capital LP Lowers Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Twinbeech Capital LP lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 96.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 747 shares of the company's stock after selling 20,713 shares during the period. Twinbeech Capital LP's holdings in MercadoLibre were worth $1,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. 1620 Investment Advisors Inc. increased its position in shares of MercadoLibre by 2.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after buying an additional 5 shares in the last quarter. Texas Yale Capital Corp. grew its stake in MercadoLibre by 0.3% in the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock valued at $2,779,000 after acquiring an additional 5 shares during the period. Meiji Yasuda Life Insurance Co increased its holdings in MercadoLibre by 0.5% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after acquiring an additional 5 shares in the last quarter. Nvwm LLC increased its holdings in MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock worth $1,933,000 after acquiring an additional 6 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in MercadoLibre by 10.9% during the fourth quarter. Ancora Advisors LLC now owns 61 shares of the company's stock worth $104,000 after acquiring an additional 6 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.9%

Shares of NASDAQ:MELI opened at $2,601.97 on Thursday. The company has a market capitalization of $131.91 billion, a price-to-earnings ratio of 69.02, 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 $2,625.11. The business has a 50-day moving average price of $2,169.92 and a 200 day moving average price of $2,011.23. 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 for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter last year, the firm earned $6.78 EPS. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MELI shares. StockNews.com cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. Cantor Fitzgerald reduced their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Finally, Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average price target of $2,551.43.

MercadoLibre 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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