Public Employees Retirement Association of Colorado Sells 161 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,785 shares of the company's stock after selling 161 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.14% of MercadoLibre worth $116,965,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Human Investing LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. increased its stake in shares of MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares during the period. Brown Lisle Cummings Inc. increased its position 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 purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $32,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Benchmark began coverage on shares of MercadoLibre in a research note on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 price target for the company. Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. Morgan Stanley decreased their price target on MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group boosted their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2,464.67.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded up $49.99 during trading hours on Wednesday, hitting $2,330.85. 600,643 shares of the stock were exchanged, compared to its average volume of 385,430. MercadoLibre, Inc. has a 1-year low of $1,427.95 and a 1-year high of $2,374.54. The company has a market cap of $118.17 billion, a PE ratio of 61.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company's fifty day simple moving average is $2,056.42 and its two-hundred day simple moving average is $1,968.17.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

About MercadoLibre

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.