MercadoLibre, Inc. (NASDAQ:MELI) Stock Holdings Trimmed by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,990 shares of the company’s stock after selling 3,322 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of MercadoLibre worth $135,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. WCM Investment Management LLC boosted its position in shares of MercadoLibre by 74.8% during the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after buying an additional 497,535 shares during the period. Morgan Stanley boosted its position in shares of MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after buying an additional 236,744 shares during the period. International Assets Investment Management LLC boosted its position in shares of MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after buying an additional 146,034 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of MercadoLibre by 108.1% during the third quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock worth $248,475,000 after buying an additional 101,757 shares during the period. Finally, Hardman Johnston Global Advisors LLC boosted its position in shares of MercadoLibre by 70.9% during the third quarter. Hardman Johnston Global Advisors LLC now owns 203,083 shares of the company’s stock worth $257,485,000 after buying an additional 84,239 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Up 2.0 %

Shares of NASDAQ:MELI opened at $1,395.00 on Wednesday. The stock has a market capitalization of $70.73 billion, a PE ratio of 71.39, a P/E/G ratio of 0.88 and a beta of 1.44. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The firm has a fifty day moving average price of $1,546.31 and a 200 day moving average price of $1,529.78. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.25 earnings per share. Analysts expect that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush reduced their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Wednesday. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a report on Tuesday. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. 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 report on Wednesday, March 27th. Finally, UBS Group dropped their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,790.36.

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.