Gladstone Institutional Advisory LLC Sells 49 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Gladstone Institutional Advisory LLC decreased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 601 shares of the company’s stock after selling 49 shares during the period. Gladstone Institutional Advisory LLC’s holdings in MercadoLibre were worth $944,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in MercadoLibre by 99.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock worth $67,900,000 after purchasing an additional 26,679 shares in the last quarter. Townsquare Capital LLC boosted its stake in MercadoLibre by 0.9% in the 3rd quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock worth $1,964,000 after purchasing an additional 14 shares in the last quarter. Vestor Capital LLC boosted its stake in MercadoLibre by 10.0% in the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after purchasing an additional 8 shares in the last quarter. Vanguard Group Inc. boosted its stake in MercadoLibre by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock worth $226,716,000 after purchasing an additional 4,065 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in MercadoLibre by 112,333.8% in the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MELI. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,400.00 to $2,100.00 in a research report on Monday. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Barclays boosted their target price on MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Finally, Citigroup decreased their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,881.92.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,772.07 on Wednesday. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The firm has a market capitalization of $89.84 billion, a P/E ratio of 79.29, a PEG ratio of 1.20 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $1,535.76 and a 200-day moving average price of $1,582.88.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating the consensus estimate of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. Equities research analysts anticipate that MercadoLibre, Inc. will post 34.26 earnings per share 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.