MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,857 shares of the company’s stock after selling 60 shares during the quarter. Henry James International Management Inc.’s holdings in MercadoLibre were worth $2,918,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $28,000. Archer Investment Corp acquired a new position in MercadoLibre in the fourth quarter valued at $31,000. NBC Securities Inc. purchased a new stake in MercadoLibre during the third quarter valued at about $35,000. Larson Financial Group LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $36,000. Finally, Blue Trust Inc. grew its holdings in shares of MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after purchasing an additional 9 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 8.3 %

NASDAQ:MELI traded up $124.57 during trading hours on Friday, reaching $1,630.56. The company’s stock had a trading volume of 1,346,802 shares, compared to its average volume of 395,765. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The business’s 50-day moving average is $1,499.29 and its 200-day moving average is $1,537.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. The company has a market cap of $82.67 billion, a price-to-earnings ratio of 72.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a return on equity of 42.04% and a net margin of 7.17%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period last year, the business earned $3.97 EPS. Equities research analysts predict that MercadoLibre, Inc. will post 34.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MELI. UBS Group lowered their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research note on Tuesday, April 23rd. StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Wedbush reaffirmed an “outperform” rating and issued a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday. Finally, Citigroup dropped their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,805.00.

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.