MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,161 shares of the company's stock after selling 1,252 shares during the quarter. MercadoLibre accounts for 2.9% of Motley Fool Wealth Management LLC's investment portfolio, making the stock its 8th biggest position. Motley Fool Wealth Management LLC owned 0.07% of MercadoLibre worth $55,068,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth about $28,000. Archer Investment Corp acquired a new position in shares of MercadoLibre during the fourth quarter worth about $31,000. Proffitt & Goodson Inc. acquired a new position in shares of MercadoLibre during the third quarter worth about $32,000. NBC Securities Inc. acquired a new position in shares of MercadoLibre during the third quarter worth about $35,000. Finally, Larson Financial Group LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on MELI. StockNews.com cut MercadoLibre from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. UBS Group dropped their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. Wedbush dropped their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an "outperform" rating on the stock in a research report on Wednesday. DZ Bank raised MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 target price on the stock in a research report on Tuesday, April 23rd. Finally, Citigroup dropped their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,790.36.

MercadoLibre Stock Up 3.1 %

MercadoLibre stock traded up $42.17 during midday trading on Friday, hitting $1,406.00. The stock had a trading volume of 443,331 shares, compared to its average volume of 319,014. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a market cap of $71.28 billion, a P/E ratio of 71.95, a P/E/G ratio of 0.94 and a beta of 1.44. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The business has a fifty day moving average price of $1,523.37 and a 200 day moving average price of $1,532.59.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm's quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.25 earnings per share. Research analysts predict that MercadoLibre, Inc. will post 34.46 EPS 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.