Shell Asset Management Co. Sells 98 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Shell Asset Management Co. lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,187 shares of the company's stock after selling 98 shares during the period. Shell Asset Management Co.'s holdings in MercadoLibre were worth $3,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its holdings in shares of MercadoLibre by 11.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock worth $2,328,000 after buying an additional 143 shares during the period. Ninety One North America Inc. purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $4,923,000. Paragon Capital Management Inc. raised its holdings in shares of MercadoLibre by 58.5% during the fourth quarter. Paragon Capital Management Inc. now owns 1,637 shares of the company's stock valued at $2,784,000 after acquiring an additional 604 shares in the last quarter. Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in MercadoLibre in the fourth quarter valued at $63,613,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in MercadoLibre in the 4th quarter worth $2,619,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.0%

NASDAQ MELI traded up $0.86 during mid-day trading on Tuesday, reaching $2,579.21. The stock had a trading volume of 255,936 shares, compared to its average volume of 382,849. The stock has a market cap of $130.76 billion, a PE ratio of 68.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 1 year low of $1,550.00 and a 1 year high of $2,610.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a fifty day moving average price of $2,146.51 and a 200 day moving average price of $2,003.13.

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. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the business posted $6.78 EPS. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Cantor Fitzgerald reduced their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Bank of America raised their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Finally, Susquehanna lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,521.33.

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.