MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 90.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 575 shares of the company’s stock after selling 5,753 shares during the quarter. Quantbot Technologies LP’s holdings in MercadoLibre were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. lifted its stake in shares of MercadoLibre by 2.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company’s stock valued at $346,000 after purchasing an additional 5 shares in the last quarter. TD Private Client Wealth LLC grew its stake in MercadoLibre by 32.0% during the fourth quarter. TD Private Client Wealth LLC now owns 66 shares of the company’s stock worth $112,000 after buying an additional 16 shares during the period. Independent Solutions Wealth Management LLC acquired a new stake in shares of MercadoLibre in the fourth quarter worth $1,396,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of MercadoLibre by 25.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 839 shares of the company’s stock valued at $1,427,000 after acquiring an additional 171 shares during the period. Finally, Douglass Winthrop Advisors LLC lifted its holdings in shares of MercadoLibre by 25.9% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 4,799 shares of the company’s stock valued at $8,160,000 after acquiring an additional 987 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 2.7 %

NASDAQ:MELI opened at $2,191.30 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market capitalization of $111.09 billion, a price-to-earnings ratio of 58.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54. The stock has a 50-day simple moving average of $2,014.23 and a 200 day simple moving average of $1,972.78.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping the consensus estimate of $10.21 by $2.40. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the subject of several recent research reports. Barclays increased their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Wedbush lowered their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and upped their price target for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Citigroup dropped their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, MercadoLibre presently has a consensus rating of “Buy” and a consensus price target of $2,402.81.

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.