Knights of Columbus Asset Advisors LLC Sells 839 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Knights of Columbus Asset Advisors LLC trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 21.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,118 shares of the company’s stock after selling 839 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in MercadoLibre were worth $4,900,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in MercadoLibre in the fourth quarter valued at $28,000. Archer Investment Corp bought a new position in shares of MercadoLibre during the fourth quarter valued at $31,000. Proffitt & Goodson Inc. acquired a new stake in shares of MercadoLibre in the 3rd quarter valued at $32,000. Castleview Partners LLC lifted its holdings in MercadoLibre by 58.8% during the 2nd quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after purchasing an additional 10 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in MercadoLibre in the third quarter valued at about $35,000. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MELI. Citigroup cut their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. UBS Group decreased their price objective on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of MercadoLibre in a research note on Tuesday, March 5th. Finally, Susquehanna raised their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $1,813.85.

MercadoLibre Stock Down 1.0 %

NASDAQ:MELI opened at $1,356.43 on Friday. The stock’s fifty day simple moving average is $1,559.84 and its 200-day simple moving average is $1,523.45. The firm has a market capitalization of $68.77 billion, a P/E ratio of 69.42, a P/E/G ratio of 0.88 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. MercadoLibre’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted $3.25 EPS. Equities research analysts expect that MercadoLibre, Inc. will post 35.77 earnings per share 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.