Flossbach Von Storch AG Decreases Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Flossbach Von Storch AG lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 16.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,562 shares of the company’s stock after selling 2,131 shares during the period. Flossbach Von Storch AG’s holdings in MercadoLibre were worth $16,599,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Synergy Financial Group LTD lifted its holdings in shares of MercadoLibre by 0.5% in the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock valued at $2,030,000 after purchasing an additional 8 shares in the last quarter. Gateway Advisory LLC lifted its holdings in shares of MercadoLibre by 1.9% in the third quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after purchasing an additional 8 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of MercadoLibre by 6.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock valued at $217,000 after purchasing an additional 8 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of MercadoLibre by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 9 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after buying an additional 9 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

MELI has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Wedbush reissued an “outperform” rating and set a $2,000.00 price objective on shares of MercadoLibre in a research note on Tuesday, March 5th. Barclays reduced their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Susquehanna upped their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Finally, StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,806.15.

MercadoLibre Trading Down 0.0 %

Shares of MercadoLibre stock traded down $0.02 during trading hours on Wednesday, hitting $1,397.86. The company’s stock had a trading volume of 448,600 shares, compared to its average volume of 387,414. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The business has a fifty day moving average of $1,574.80 and a 200 day moving average of $1,523.84. The company has a market capitalization of $70.87 billion, a PE ratio of 71.54, a P/E/G ratio of 0.91 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). The business 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%. MercadoLibre’s revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.25 EPS. As a group, equities analysts forecast that MercadoLibre, Inc. will post 35.89 EPS for the current 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.