University of Texas Texas AM Investment Management Co. Sells 86 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

University of Texas Texas AM Investment Management Co. lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.4% during the fourth quarter, HoldingsChannel reports. The fund owned 938 shares of the company’s stock after selling 86 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in MercadoLibre were worth $1,595,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Capital International Investors boosted its position in MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock worth $2,868,869,000 after buying an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of MercadoLibre by 41.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after purchasing an additional 405,425 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of MercadoLibre in the fourth quarter worth $565,306,000. Capital World Investors increased its holdings in MercadoLibre by 24.5% in the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the period. Finally, Norges Bank bought a new position in MercadoLibre during the 4th quarter worth $383,051,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Up 0.2%

Shares of NASDAQ MELI opened at $2,606.01 on Friday. 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 firm has a market cap of $132.12 billion, a PE ratio of 69.12, a P/E/G ratio of 1.12 and a beta of 1.61. The company’s fifty day simple moving average is $2,179.91 and its 200 day simple moving average is $2,014.97. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.78 EPS. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup reiterated a “buy” rating on shares of MercadoLibre in a report on Tuesday, April 15th. The Goldman Sachs Group increased their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Barclays lifted their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,572.86.

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.