MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,213 shares of the company’s stock after selling 52 shares during the period. MercadoLibre makes up about 3.0% of Terra Nova Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Terra Nova Asset Management LLC’s holdings in MercadoLibre were worth $3,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its position in MercadoLibre by 500.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 24 shares of the company’s stock valued at $30,000 after buying an additional 20 shares during the last quarter. Proffitt & Goodson Inc. bought a new position in shares of MercadoLibre during the third quarter worth about $32,000. Castleview Partners LLC lifted its position in shares of MercadoLibre by 58.8% during the second quarter. Castleview Partners LLC now owns 27 shares of the company’s stock worth $32,000 after purchasing an additional 10 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of MercadoLibre in the third quarter valued at approximately $36,000. Finally, NBC Securities Inc. acquired a new stake in shares of MercadoLibre in the third quarter valued at approximately $35,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MELI shares. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Barclays raised their price objective on shares of MercadoLibre from $1,900.00 to $2,000.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Wedbush reiterated an “outperform” rating and set a $2,000.00 price objective on shares of MercadoLibre in a research note on Tuesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Citigroup lowered their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average target price of $1,817.86.

MercadoLibre Trading Down 0.7 %

Shares of NASDAQ:MELI opened at $1,511.96 on Friday. The firm has a market capitalization of $76.66 billion, a P/E ratio of 77.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. The firm has a fifty day moving average of $1,654.04 and a two-hundred day moving average of $1,508.43. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last released its quarterly 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). The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.25 EPS. On average, equities analysts expect that MercadoLibre, Inc. will post 36.06 EPS for the current fiscal 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.