MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 22.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 274 shares of the company’s stock after selling 79 shares during the quarter. Gryphon Financial Partners LLC’s holdings in MercadoLibre were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MELI. Swedbank AB increased its position in shares of MercadoLibre by 352.8% during the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after purchasing an additional 73,336 shares during the last quarter. Farther Finance Advisors LLC grew its position in MercadoLibre by 40.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 271 shares of the company’s stock valued at $556,000 after acquiring an additional 78 shares in the last quarter. Janney Montgomery Scott LLC grew its position in MercadoLibre by 8.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,989 shares of the company’s stock valued at $12,290,000 after acquiring an additional 477 shares in the last quarter. BSW Wealth Partners grew its position in MercadoLibre by 4.7% in the 3rd quarter. BSW Wealth Partners now owns 201 shares of the company’s stock valued at $412,000 after acquiring an additional 9 shares in the last quarter. Finally, Donaldson Capital Management LLC grew its position in MercadoLibre by 5.0% in the 3rd quarter. Donaldson Capital Management LLC now owns 1,394 shares of the company’s stock valued at $2,860,000 after acquiring an additional 67 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

MELI stock opened at $2,070.41 on Tuesday. The business has a 50 day moving average price of $1,916.76 and a 200 day moving average price of $1,968.19. The stock has a market cap of $104.96 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the subject of several research reports. Wedbush dropped their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Cantor Fitzgerald lifted their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley dropped their target price on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $2,402.81.

MercadoLibre Company Profile

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.