Gryphon Financial Partners LLC Trims Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Gryphon Financial Partners LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 22.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 274 shares of the company’s stock after selling 79 shares during the period. Gryphon Financial Partners LLC’s holdings in MercadoLibre were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LGT Fund Management Co Ltd. lifted its stake in MercadoLibre by 200.0% in the fourth quarter. LGT Fund Management Co Ltd. now owns 360 shares of the company’s stock valued at $612,000 after buying an additional 240 shares during the last quarter. LGT Group Foundation acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $1,784,000. DJE Kapital AG acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $7,368,000. Bellecapital International Ltd. increased its holdings in shares of MercadoLibre by 10.9% in the fourth quarter. Bellecapital International Ltd. now owns 10,665 shares of the company’s stock valued at $18,135,000 after purchasing an additional 1,047 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $3,933,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 2.4 %

MELI opened at $2,070.41 on Tuesday. The business’s fifty day moving average is $1,916.76 and its two-hundred day moving average is $1,968.19. 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 has a market cap of $104.96 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last posted its 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. The company had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MELI. Citigroup dropped their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and boosted their target price for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Barclays boosted their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. The Goldman Sachs Group boosted their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley dropped their target price on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $2,402.81.

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.