MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217 shares of the company’s stock after selling 13 shares during the period. Cable Hill Partners LLC’s holdings in MercadoLibre were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter valued at approximately $221,000. Impact Investors Inc purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $232,000. ARK Investment Management LLC lifted its position in shares of MercadoLibre by 27.8% in the 4th quarter. ARK Investment Management LLC now owns 31,171 shares of the company’s stock valued at $53,004,000 after acquiring an additional 6,773 shares in the last quarter. Avalon Capital Management purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $218,000. Finally, Synergy Financial Group LTD lifted its position in shares of MercadoLibre by 4.9% in the 4th quarter. Synergy Financial Group LTD now owns 1,619 shares of the company’s stock valued at $2,753,000 after acquiring an additional 76 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the transaction, the director now directly owns 238 shares in the company, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by company insiders.

MercadoLibre Stock Performance

Shares of MELI opened at $2,197.64 on Thursday. The company’s fifty day moving average is $1,892.64 and its 200-day moving average is $1,964.15. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The firm has a market cap of $111.41 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MELI. 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 report on Friday, February 21st. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and upped their price target for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley reduced their price target on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, BTIG Research cut their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Buy” and a consensus target price of $2,385.94.

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.