MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by RFG Advisory LLC

RFG Advisory LLC lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 9.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 284 shares of the company’s stock after selling 30 shares during the period. RFG Advisory LLC’s holdings in MercadoLibre were worth $446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. increased its holdings in shares of MercadoLibre by 500.0% in the third quarter. Salem Investment Counselors Inc. now owns 24 shares of the company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. acquired a new stake in shares of MercadoLibre in the third quarter valued at approximately $32,000. Blue Trust Inc. increased its holdings in shares of MercadoLibre by 56.3% in the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after purchasing an additional 9 shares during the last quarter. Castleview Partners LLC increased its holdings in shares of MercadoLibre by 58.8% in the second quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after purchasing an additional 10 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in MercadoLibre during the third quarter worth $36,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MELI. JPMorgan Chase & Co. raised their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Susquehanna raised their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Citigroup cut their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Barclays cut their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,806.15.

MercadoLibre Trading Down 4.2 %

NASDAQ:MELI opened at $1,444.14 on Friday. The firm has a market cap of $73.22 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The stock has a fifty day moving average price of $1,594.55 and a 200 day moving average price of $1,519.20. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted $3.25 earnings per share. Sell-side analysts anticipate that MercadoLibre, Inc. will post 35.89 earnings per share for the current fiscal year.

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.