MercadoLibre, Inc. (NASDAQ:MELI) Stock Position Decreased by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,175 shares of the company's stock after selling 278 shares during the quarter. Pathstone Holdings LLC's holdings in MercadoLibre were worth $10,502,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Human Investing LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. boosted 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 valued at $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. boosted 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 valued at $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd acquired a new position in shares of MercadoLibre in the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MELI. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group raised their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,521.33.

MercadoLibre Stock Down 0.1%

MELI stock traded down $1.57 during trading on Friday, reaching $2,584.92. The stock had a trading volume of 279,704 shares, compared to its average volume of 383,139. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,610.30. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $131.05 billion, a P/E ratio of 68.57, a PEG ratio of 1.12 and a beta of 1.61. The firm has a fifty day moving average price of $2,135.04 and a 200 day moving average price of $1,999.47.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its 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 the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company's revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.78 EPS. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.