MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 15.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 321 shares of the company’s stock after selling 60 shares during the period. AdvisorShares Investments LLC’s holdings in MercadoLibre were worth $546,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Human Investing LLC acquired a new position in shares of MercadoLibre in the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. raised its position in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after buying an additional 8 shares during the period. Covestor Ltd acquired a new stake in MercadoLibre during the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MELI opened at $2,208.40 on Tuesday. MercadoLibre, Inc. has a 52-week low of $1,419.86 and a 52-week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm has a market cap of $111.96 billion, a PE ratio of 58.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The business’s 50 day moving average price is $2,053.02 and its two-hundred day moving average price is $1,965.98.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Morgan Stanley reduced their target price on MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Cantor Fitzgerald dropped their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Susquehanna upped their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research report on Friday, February 21st. Finally, Bank of America upped their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of “Buy” and an average price target of $2,464.67.

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.