MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 31.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,513 shares of the company’s stock after selling 1,141 shares during the period. BTG Pactual Asset Management US LLC’s holdings in MercadoLibre were worth $4,273,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on MELI shares. Bank of America lifted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Cantor Fitzgerald boosted their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley cut 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 note on Thursday. Barclays upped their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $2,409.69.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,996.95 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The firm’s 50-day simple moving average is $2,036.16 and its 200-day simple moving average is $1,958.91. The firm has a market cap of $101.24 billion, a PE ratio of 52.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

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

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.