Motley Fool Wealth Management LLC Has $48.30 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Motley Fool Wealth Management LLC lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,255 shares of the company’s stock after selling 2,423 shares during the quarter. MercadoLibre accounts for about 2.5% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Motley Fool Wealth Management LLC owned about 0.06% of MercadoLibre worth $48,296,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its position in shares of MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock worth $404,000 after buying an additional 21 shares during the period. Cerity Partners LLC lifted its holdings in shares of MercadoLibre by 25.6% during the third quarter. Cerity Partners LLC now owns 4,875 shares of the company’s stock valued at $10,003,000 after acquiring an additional 993 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of MercadoLibre by 11.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 426 shares of the company’s stock valued at $874,000 after purchasing an additional 43 shares in the last quarter. Algert Global LLC grew its holdings in shares of MercadoLibre by 318.7% in the 3rd quarter. Algert Global LLC now owns 1,633 shares of the company’s stock worth $3,351,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Pitcairn Co. increased its position in shares of MercadoLibre by 5.6% during the 3rd quarter. Pitcairn Co. now owns 282 shares of the company’s stock worth $579,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Up 2.7 %

Shares of MercadoLibre stock opened at $2,191.30 on Wednesday. The business has a fifty day simple moving average of $2,014.23 and a 200 day simple moving average of $1,972.78. The stock has a market cap of $111.09 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. Research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MELI shares. Bank of America boosted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research report on Tuesday, January 21st. Cantor Fitzgerald raised their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Citigroup reduced their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Buy” and an average target price of $2,402.81.

About MercadoLibre

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.