MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215 shares of the company’s stock after selling 10 shares during the quarter. Wrapmanager Inc.’s holdings in MercadoLibre were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MELI. Morgan Stanley boosted its position in shares of MercadoLibre by 10.2% in the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after purchasing an additional 236,744 shares during the period. Jennison Associates LLC grew its position in shares of MercadoLibre by 1.3% during the third quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock worth $2,831,721,000 after acquiring an additional 28,095 shares during the last quarter. WCM Investment Management LLC raised its position in MercadoLibre by 74.8% in the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after purchasing an additional 497,535 shares during the last quarter. William Blair Investment Management LLC raised its position in MercadoLibre by 6.1% in the 3rd quarter. William Blair Investment Management LLC now owns 411,310 shares of the company’s stock valued at $521,492,000 after purchasing an additional 23,699 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in MercadoLibre by 10.2% during the 3rd quarter. Invesco Ltd. now owns 365,176 shares of the company’s stock worth $462,999,000 after purchasing an additional 33,801 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

MELI traded down $21.38 on Thursday, hitting $1,695.40. 473,876 shares of the company were exchanged, compared to its average volume of 407,024. The business’s fifty day moving average is $1,504.54 and its 200 day moving average is $1,550.32. MercadoLibre, Inc. has a fifty-two week low of $1,063.02 and a fifty-two week high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The firm has a market capitalization of $85.95 billion, a P/E ratio of 75.86, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating the consensus estimate of $6.64 by $0.14. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a return on equity of 42.04% and a net margin of 7.17%. MercadoLibre’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period last year, the business posted $3.97 EPS. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 34.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MELI shares. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. increased their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Susquehanna boosted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Wedbush reaffirmed an “outperform” rating and set a $1,800.00 price target on shares of MercadoLibre in a report on Friday, May 3rd. Finally, Barclays dropped 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,805.00.

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.