Coldstream Capital Management Inc. Has $702,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Coldstream Capital Management Inc. lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 13.1% in the fourth quarter, Holdings Channel reports. The firm owned 413 shares of the company’s stock after selling 62 shares during the quarter. Coldstream Capital Management Inc.’s holdings in MercadoLibre were worth $702,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors raised its position in shares of MercadoLibre by 8.0% in the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company’s stock valued at $4,108,079,000 after buying an additional 179,807 shares in the last quarter. Capital International Investors lifted its holdings in shares of MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock worth $2,868,869,000 after acquiring an additional 470,829 shares during the period. Capital World Investors lifted its holdings in shares of MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after acquiring an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of MercadoLibre by 41.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after acquiring an additional 405,425 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of MercadoLibre by 0.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company’s stock worth $927,239,000 after acquiring an additional 2,048 shares during the period. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley cut their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Barclays upped their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Benchmark started coverage on shares of MercadoLibre in a research report on Tuesday, April 15th. They set a “buy” rating and a $2,500.00 price objective for the company. Wedbush lowered their price objective on shares of 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. Finally, Citigroup reiterated a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $2,464.67.

MercadoLibre Trading Down 0.8 %

Shares of NASDAQ MELI opened at $2,208.40 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 52-week low of $1,419.86 and a 52-week high of $2,374.54. The firm has a 50 day moving average price of $2,053.02 and a two-hundred day moving average price of $1,965.98. The stock has a market cap of $111.96 billion, a P/E ratio of 58.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating analysts’ consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. As a group, equities analysts forecast 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.