Chiron Investment Management LLC Sells 1,086 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Chiron Investment Management LLC lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 41.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,558 shares of the company’s stock after selling 1,086 shares during the period. Chiron Investment Management LLC’s holdings in MercadoLibre were worth $2,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of MELI. Arrowstreet Capital Limited Partnership increased its holdings in MercadoLibre by 0.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company’s stock valued at $927,239,000 after acquiring an additional 2,048 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of MercadoLibre by 9.4% in the fourth quarter. Schroder Investment Management Group now owns 443,156 shares of the company’s stock worth $753,560,000 after buying an additional 38,261 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of MercadoLibre by 8.9% in the fourth quarter. Wellington Management Group LLP now owns 380,956 shares of the company’s stock worth $647,793,000 after buying an additional 31,278 shares in the last quarter. Wealthfront Advisers LLC bought a new position in MercadoLibre during the fourth quarter valued at approximately $565,306,000. Finally, Royal London Asset Management Ltd. increased its stake in MercadoLibre by 8.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company’s stock worth $438,232,000 after acquiring an additional 21,063 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 3.3 %

Shares of MercadoLibre stock opened at $1,996.95 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market cap of $101.24 billion, a P/E ratio of 52.97, a PEG ratio of 1.12 and a beta of 1.62. The firm’s 50 day moving average price is $2,036.16 and its 200-day moving average price is $1,957.92. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54.

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 business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on MELI. Wedbush lowered their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Bank of America increased their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating on the stock in a research report on Thursday. Cantor Fitzgerald lifted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Barclays upped their price objective 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. Two 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $2,409.69.

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.