MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,042 shares of the company's stock after selling 15,953 shares during the quarter. Deutsche Bank AG owned about 0.29% of MercadoLibre worth $250,036,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MELI. Human Investing LLC purchased a new position in MercadoLibre in the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. lifted its stake in 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 in the last quarter. Brown Lisle Cummings Inc. lifted its stake in 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 in the last quarter. Covestor Ltd purchased a new position in MercadoLibre in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at approximately $32,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MELI. Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. 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 research report on Friday, February 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their target price for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Susquehanna upped their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Finally, Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,504.67.

MercadoLibre Stock Performance

Shares of NASDAQ MELI traded up $42.53 during midday trading on Friday, reaching $2,452.53. 382,692 shares of the company were exchanged, compared to its average volume of 381,235. 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, Inc. has a 1 year low of $1,550.00 and a 1 year high of $2,501.00. The stock has a fifty day simple moving average of $2,081.98 and a 200 day simple moving average of $1,981.52. The stock has a market cap of $124.34 billion, a P/E ratio of 65.05, a PEG ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly 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. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the company posted $6.78 earnings per share. The business's revenue was up 37.0% on a year-over-year basis. On average, research analysts forecast 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.