Vontobel Holding Ltd. Reduces Position in MercadoLibre, Inc. (NASDAQ:MELI)

Vontobel Holding Ltd. reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,492 shares of the company's stock after selling 35,109 shares during the period. MercadoLibre makes up approximately 1.5% of Vontobel Holding Ltd.'s portfolio, making the stock its 9th biggest position. Vontobel Holding Ltd. owned about 0.37% of MercadoLibre worth $294,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley increased its stake in MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company's stock worth $3,243,832,000 after purchasing an additional 236,744 shares during the period. Jennison Associates LLC increased its stake in shares of MercadoLibre by 1.3% during the third quarter. Jennison Associates LLC now owns 2,233,430 shares of the company's stock worth $2,831,721,000 after buying an additional 28,095 shares during the period. WCM Investment Management LLC increased its stake in shares of MercadoLibre by 74.8% during the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company's stock worth $1,838,964,000 after buying an additional 497,535 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of MercadoLibre by 30.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company's stock worth $401,841,000 after buying an additional 111,751 shares during the period. Finally, William Blair Investment Management LLC increased its stake in shares of MercadoLibre by 6.1% during the third quarter. William Blair Investment Management LLC now owns 411,310 shares of the company's stock worth $521,492,000 after buying an additional 23,699 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MELI has been the topic of a number of recent research reports. Citigroup cut their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. Wedbush reaffirmed an "outperform" rating and issued a $2,000.00 price target on shares of MercadoLibre in a report on Tuesday, March 5th. StockNews.com downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Finally, Susquehanna upped their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a "positive" rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,806.15.

MercadoLibre Stock Performance

Shares of NASDAQ MELI traded down $63.42 during mid-day trading on Friday, hitting $1,444.14. 539,352 shares of the company were exchanged, compared to its average volume of 289,721. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $1,594.55 and a 200-day simple moving average of $1,522.82. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The firm has a market cap of $73.21 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). The business had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company's revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.25 EPS. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 35.89 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.