MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,036 shares of the company's stock after selling 2,463 shares during the period. California State Teachers Retirement System owned approximately 0.14% of MercadoLibre worth $119,092,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of MercadoLibre during the 3rd quarter valued at approximately $12,784,000. Anchor Investment Management LLC raised its holdings in MercadoLibre by 19.1% during the third quarter. Anchor Investment Management LLC now owns 629 shares of the company's stock worth $1,291,000 after purchasing an additional 101 shares during the last quarter. World Investment Advisors LLC boosted its position in MercadoLibre by 35.7% during the third quarter. World Investment Advisors LLC now owns 475 shares of the company's stock worth $975,000 after purchasing an additional 125 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in MercadoLibre in the third quarter valued at $977,000. Finally, Tidal Investments LLC increased its position in shares of MercadoLibre by 59.7% in the third quarter. Tidal Investments LLC now owns 15,829 shares of the company's stock valued at $32,480,000 after buying an additional 5,918 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MELI shares. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday. Citigroup reissued a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. Bank of America upped their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald decreased their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,464.67.

MercadoLibre Trading Down 0.6 %

MELI stock traded down $13.83 during midday trading on Friday, reaching $2,280.69. 352,927 shares of the company's stock traded hands, compared to its average volume of 379,298. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,374.54. The business has a 50-day moving average price of $2,061.51 and a two-hundred day moving average price of $1,972.70. The company has a market capitalization of $115.62 billion, a P/E ratio of 60.50, a PEG ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.