MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 35.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,765 shares of the company’s stock after selling 28,049 shares during the quarter. MercadoLibre accounts for about 28.9% of Truxt Investmentos Ltda.’s investment portfolio, making the stock its 2nd biggest holding. Truxt Investmentos Ltda. owned about 0.10% of MercadoLibre worth $79,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MELI. IFP Advisors Inc grew its stake in shares of MercadoLibre by 19.3% during the 3rd quarter. IFP Advisors Inc now owns 216 shares of the company’s stock worth $274,000 after acquiring an additional 35 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in shares of MercadoLibre by 118.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 35 shares of the company’s stock valued at $44,000 after purchasing an additional 19 shares during the period. Handelsbanken Fonder AB lifted its stake in MercadoLibre by 0.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,943 shares of the company’s stock valued at $27,821,000 after purchasing an additional 96 shares during the last quarter. Simplicity Solutions LLC increased its position in MercadoLibre by 6.4% during the third quarter. Simplicity Solutions LLC now owns 975 shares of the company’s stock worth $1,236,000 after buying an additional 59 shares during the last quarter. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of MercadoLibre in the third quarter valued at approximately $32,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Up 3.1 %

Shares of NASDAQ MELI opened at $1,406.00 on Friday. The stock has a market cap of $71.28 billion, a P/E ratio of 71.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The firm has a 50 day moving average price of $1,523.37 and a two-hundred day moving average price of $1,530.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. MercadoLibre, Inc. has a 52-week low of $1,063.02 and a 52-week high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.25 earnings per share. As a group, equities analysts forecast that MercadoLibre, Inc. will post 34.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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. Wedbush cut their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Wednesday. Barclays cut their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Susquehanna upped their price objective on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,790.36.

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.