MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC decreased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 16.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236 shares of the company’s stock after selling 47 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in MercadoLibre were worth $401,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MELI. AMF Tjanstepension AB boosted its stake in MercadoLibre by 13.6% during the 4th quarter. AMF Tjanstepension AB now owns 92,580 shares of the company’s stock worth $157,427,000 after purchasing an additional 11,077 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in MercadoLibre during the 4th quarter worth $3,775,000. Banco Santander S.A. boosted its stake in MercadoLibre by 61.6% during the 4th quarter. Banco Santander S.A. now owns 853 shares of the company’s stock worth $1,450,000 after purchasing an additional 325 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in MercadoLibre during the 4th quarter worth $94,000. Finally, Haven Private LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth $1,019,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,944.61 on Tuesday. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The stock has a market capitalization of $98.59 billion, a P/E ratio of 51.58, a P/E/G ratio of 1.12 and a beta of 1.64. The firm’s 50-day moving average is $1,946.86 and its two-hundred day moving average is $1,969.34. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (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 analysts’ expectations of $5.94 billion. Equities analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

MELI has been the subject of several recent analyst reports. Barclays raised their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Citigroup cut their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Susquehanna increased their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a report on Friday, February 21st. Finally, Wedbush cut their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.