USS Investment Management Ltd Sells 3,279 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

USS Investment Management Ltd lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,955 shares of the company's stock after selling 3,279 shares during the quarter. USS Investment Management Ltd's holdings in MercadoLibre were worth $39,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Human Investing LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. grew its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd bought a new stake in shares of MercadoLibre in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in MercadoLibre during the 4th quarter worth about $32,000. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on MELI. Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Citigroup reissued a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research note on Tuesday, January 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Bank of America raised their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,521.33.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,578.35 on Tuesday. The company has a market capitalization of $130.71 billion, a P/E ratio of 68.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,610.30. The company's 50 day moving average price is $2,146.51 and its two-hundred day moving average price is $2,003.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. The company 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 business's quarterly revenue was up 37.0% on a year-over-year basis. During the same period last year, the business earned $6.78 EPS. On average, analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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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