MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd trimmed its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,308 shares of the company’s stock after selling 800 shares during the quarter. MercadoLibre comprises 8.2% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 2nd biggest holding. Aubrey Capital Management Ltd’s holdings in MercadoLibre were worth $19,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB lifted its holdings in shares of MercadoLibre by 0.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,943 shares of the company’s stock valued at $27,821,000 after buying an additional 96 shares during the period. Simplicity Solutions LLC lifted its holdings in shares of MercadoLibre by 6.4% in the 3rd quarter. Simplicity Solutions LLC now owns 975 shares of the company’s stock valued at $1,236,000 after buying an additional 59 shares during the period. Slow Capital Inc. lifted its holdings in shares of MercadoLibre by 4.8% in the 3rd quarter. Slow Capital Inc. now owns 9,865 shares of the company’s stock valued at $12,508,000 after buying an additional 453 shares during the period. Northcape Capital Pty Ltd lifted its holdings in shares of MercadoLibre by 5.2% in the 3rd quarter. Northcape Capital Pty Ltd now owns 76,797 shares of the company’s stock valued at $97,369,000 after buying an additional 3,783 shares during the period. Finally, Hardman Johnston Global Advisors LLC raised its holdings in MercadoLibre by 70.9% during the third quarter. Hardman Johnston Global Advisors LLC now owns 203,083 shares of the company’s stock worth $257,485,000 after purchasing an additional 84,239 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on MELI shares. Citigroup reduced their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Barclays reduced their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a report on Tuesday. Finally, UBS Group dropped their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

MercadoLibre Trading Up 3.1 %

MercadoLibre stock traded up $42.17 during midday trading on Friday, reaching $1,406.00. The stock had a trading volume of 443,331 shares, compared to its average volume of 319,014. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The stock has a market capitalization of $71.28 billion, a PE ratio of 71.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.44. 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 stock’s 50-day simple moving average is $1,523.37 and its 200 day simple moving average is $1,528.68.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the business posted $3.25 EPS. MercadoLibre’s revenue was up 42.0% compared to the same quarter last year. Analysts expect that MercadoLibre, Inc. will post 34.46 EPS for the current year.

MercadoLibre 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.