Aubrey Capital Management Ltd Lowers Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Aubrey Capital Management Ltd reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,308 shares of the company’s stock after selling 800 shares during the quarter. MercadoLibre comprises 8.2% of Aubrey Capital Management Ltd’s holdings, making the stock its 2nd largest position. Aubrey Capital Management Ltd’s holdings in MercadoLibre were worth $19,342,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Synergy Financial Group LTD grew its position in shares of MercadoLibre by 0.5% during the 3rd quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock worth $2,030,000 after purchasing an additional 8 shares in the last quarter. Gateway Advisory LLC grew its position in shares of MercadoLibre by 1.9% during the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock worth $545,000 after purchasing an additional 8 shares in the last quarter. Contravisory Investment Management Inc. grew its position in shares of MercadoLibre by 6.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after purchasing an additional 8 shares in the last quarter. Catalyst Capital Advisors LLC grew its position in shares of MercadoLibre by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock worth $47,000 after purchasing an additional 9 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after acquiring an additional 9 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MELI shares. UBS Group reduced their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Susquehanna raised their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a research report on Tuesday. Finally, Wedbush cut their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $1,790.36.

MercadoLibre Stock Up 3.1 %

NASDAQ:MELI traded up $42.17 during trading hours on Friday, reaching $1,406.00. The company had a trading volume of 443,331 shares, compared to its average volume of 319,014. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a market cap of $71.28 billion, a price-to-earnings ratio of 71.96, a P/E/G ratio of 0.91 and a beta of 1.44. The business’s 50-day simple moving average is $1,523.37 and its two-hundred day simple moving average is $1,528.68. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 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 analyst estimates of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.25 earnings per share. On average, equities analysts expect that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

MercadoLibre 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.