MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund owned 147,042 shares of the company’s stock after selling 15,953 shares during the quarter. Deutsche Bank AG’s holdings in MercadoLibre were worth $250,036,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Human Investing LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. lifted its position in shares of MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 6.7 %

Shares of MercadoLibre stock opened at $2,412.80 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,501.00. The business has a 50-day moving average of $2,074.13 and a 200-day moving average of $1,979.77. The company has a market capitalization of $122.32 billion, a PE ratio of 64.00, a P/E/G ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts’ consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter last year, the company earned $6.78 earnings per share. As a group, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Benchmark lowered shares of MercadoLibre from a “buy” rating to a “cautious” rating in a report on Thursday, May 1st. Citigroup reaffirmed a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Barclays boosted their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,504.67.

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.