TD Waterhouse Canada Inc. Sells 1,155 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

TD Waterhouse Canada Inc. lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 90.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125 shares of the company's stock after selling 1,155 shares during the period. TD Waterhouse Canada Inc.'s holdings in MercadoLibre were worth $213,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in MercadoLibre during the 3rd quarter valued at $12,784,000. Anchor Investment Management LLC increased its stake in shares of MercadoLibre by 19.1% during the 3rd quarter. Anchor Investment Management LLC now owns 629 shares of the company's stock worth $1,291,000 after purchasing an additional 101 shares during the last quarter. World Investment Advisors LLC raised its holdings in shares of MercadoLibre by 35.7% in the 3rd quarter. World Investment Advisors LLC now owns 475 shares of the company's stock worth $975,000 after purchasing an additional 125 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in MercadoLibre in the third quarter valued at approximately $977,000. Finally, Tidal Investments LLC grew its holdings in MercadoLibre by 59.7% during the third quarter. Tidal Investments LLC now owns 15,829 shares of the company's stock valued at $32,480,000 after purchasing an additional 5,918 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

MELI traded up $49.99 on Wednesday, reaching $2,330.85. The company had a trading volume of 600,643 shares, compared to its average volume of 386,076. The company has a market cap of $118.17 billion, a price-to-earnings ratio of 61.83, a P/E/G 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. MercadoLibre, Inc. has a 52-week low of $1,427.95 and a 52-week high of $2,374.54. The business has a 50 day simple moving average of $2,056.42 and a 200 day simple moving average of $1,968.17.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MELI shares. Citigroup restated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. The Goldman Sachs Group upped their price objective on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Barclays upped their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Benchmark initiated coverage on MercadoLibre in a report on Tuesday, April 15th. They issued a "buy" rating and a $2,500.00 price target for the company. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $2,464.67.

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.