MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 64.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,932 shares of the company’s stock after selling 152,944 shares during the period. MercadoLibre comprises approximately 1.1% of Axiom Investors LLC DE’s holdings, making the stock its 24th largest holding. Axiom Investors LLC DE owned about 0.17% of MercadoLibre worth $142,721,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AIA Group Ltd lifted its position in shares of MercadoLibre by 1.1% in the 4th quarter. AIA Group Ltd now owns 9,513 shares of the company’s stock worth $16,176,000 after buying an additional 101 shares during the last quarter. Wellington Management Group LLP increased its stake in MercadoLibre by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 380,956 shares of the company’s stock valued at $647,793,000 after buying an additional 31,278 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in MercadoLibre by 9.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,280 shares of the company’s stock worth $5,577,000 after purchasing an additional 280 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of MercadoLibre in the fourth quarter valued at $115,000. Finally, RWA Wealth Partners LLC lifted its holdings in MercadoLibre by 9.0% in the 4th quarter. RWA Wealth Partners LLC now owns 242 shares of the company’s stock valued at $412,000 after acquiring an additional 20 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 2.3 %

Shares of NASDAQ MELI opened at $2,048.07 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The firm has a fifty day simple moving average of $2,028.39 and a two-hundred day simple moving average of $1,973.66. The firm has a market capitalization of $103.83 billion, a PE ratio of 54.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Barclays upped their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Wedbush dropped their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Bank of America upped their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. New Street Research raised 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 report on Thursday, January 30th. Finally, Susquehanna lifted their target price 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. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre 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.