Henry James International Management Inc. Sells 60 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Henry James International Management Inc. trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,857 shares of the company’s stock after selling 60 shares during the period. Henry James International Management Inc.’s holdings in MercadoLibre were worth $2,918,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Synergy Financial Group LTD lifted its holdings 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 valued at $2,030,000 after buying an additional 8 shares during the period. Gateway Advisory LLC boosted its position in MercadoLibre by 1.9% in the third quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock worth $545,000 after purchasing an additional 8 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in shares of MercadoLibre by 6.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock valued at $217,000 after purchasing an additional 8 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of MercadoLibre by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 9 shares during the period. Finally, Blue Trust Inc. increased 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 valued at $39,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MELI shares. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday, April 23rd. 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 report on Tuesday, February 27th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. UBS Group reduced their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Citigroup decreased their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,805.00.

MercadoLibre Trading Up 8.3 %

MELI traded up $124.57 on Friday, hitting $1,630.56. The company had a trading volume of 1,346,802 shares, compared to its average volume of 395,765. The business’s fifty day simple moving average is $1,499.29 and its 200 day simple moving average is $1,537.76. 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, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The company has a market cap of $82.67 billion, a PE ratio of 72.96, a PEG ratio of 1.09 and a beta of 1.45.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, topping analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a return on equity of 42.04% and a net margin of 7.17%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the previous year, the business earned $3.97 EPS. The company’s quarterly revenue was up 36.0% on a year-over-year basis. Equities research analysts expect that MercadoLibre, Inc. will post 34.46 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.