MercadoLibre, Inc. (NASDAQ:MELI) Stock Holdings Reduced by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 31.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955 shares of the company’s stock after selling 441 shares during the quarter. Plato Investment Management Ltd’s holdings in MercadoLibre were worth $1,630,000 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. Swedbank AB lifted its position in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after buying an additional 73,336 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of MercadoLibre by 40.4% in the third quarter. Farther Finance Advisors LLC now owns 271 shares of the company’s stock worth $556,000 after buying an additional 78 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of MercadoLibre by 8.7% in the third quarter. Janney Montgomery Scott LLC now owns 5,989 shares of the company’s stock worth $12,290,000 after buying an additional 477 shares during the last quarter. BSW Wealth Partners lifted its position in shares of MercadoLibre by 4.7% in the third quarter. BSW Wealth Partners now owns 201 shares of the company’s stock worth $412,000 after buying an additional 9 shares during the last quarter. Finally, Donaldson Capital Management LLC lifted its position in shares of MercadoLibre by 5.0% in the third quarter. Donaldson Capital Management LLC now owns 1,394 shares of the company’s stock worth $2,860,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cantor Fitzgerald boosted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Citigroup cut their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a research report on Tuesday, January 21st. Bank of America boosted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Trading Down 2.4 %

MELI stock opened at $2,070.41 on Tuesday. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. The firm has a market cap of $104.96 billion, a P/E ratio of 54.92, a P/E/G ratio of 1.12 and a beta of 1.62. The business’s 50 day moving average is $1,916.76 and its 200-day moving average is $1,968.19. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.