MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC trimmed its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 128 shares of the company’s stock after selling 16 shares during the period. Angeles Investment Advisors LLC’s holdings in MercadoLibre were worth $218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. increased its holdings in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company’s stock valued at $346,000 after purchasing an additional 5 shares during the period. Nvwm LLC grew its position in MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company’s stock valued at $1,933,000 after buying an additional 6 shares in the last quarter. Perigon Wealth Management LLC increased its stake in MercadoLibre by 0.7% during the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company’s stock valued at $1,758,000 after buying an additional 7 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of MercadoLibre by 17.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company’s stock worth $78,000 after buying an additional 7 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in shares of MercadoLibre by 2.3% in the 4th quarter. Savant Capital LLC now owns 308 shares of the company’s stock worth $524,000 after acquiring an additional 7 shares during the period. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MELI shares. Susquehanna raised their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research note on Friday, February 21st. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research report on Tuesday, January 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Wedbush lowered their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Stock Up 1.9 %

MELI stock opened at $2,134.31 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The firm has a market capitalization of $108.20 billion, a P/E ratio of 56.61, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. The company’s 50 day simple moving average is $2,005.48 and its 200-day simple moving average is $1,971.33.

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

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.