AtonRa Partners Has $314,000 Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

AtonRa Partners reduced its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 200 shares of the company’s stock after selling 40 shares during the quarter. AtonRa Partners’ holdings in MercadoLibre were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of MercadoLibre by 99.3% in the third quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock valued at $67,900,000 after purchasing an additional 26,679 shares during the period. Townsquare Capital LLC raised its position in shares of MercadoLibre by 0.9% in the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock valued at $1,964,000 after purchasing an additional 14 shares during the period. California Public Employees Retirement System raised its position in shares of MercadoLibre by 1.5% in the third quarter. California Public Employees Retirement System now owns 89,312 shares of the company’s stock valued at $113,237,000 after purchasing an additional 1,277 shares during the period. Vanguard Group Inc. raised its position in shares of MercadoLibre by 2.3% in the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock valued at $226,716,000 after purchasing an additional 4,065 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of MercadoLibre by 112,333.8% in the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock valued at $229,703,000 after purchasing an additional 146,034 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Up 2.3 %

NASDAQ:MELI traded up $32.36 on Monday, hitting $1,438.36. 334,238 shares of the stock were exchanged, compared to its average volume of 384,350. The stock has a market capitalization of $72.92 billion, a price-to-earnings ratio of 71.96, a P/E/G ratio of 0.94 and a beta of 1.44. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The company’s 50-day moving average price is $1,523.37 and its 200 day moving average price is $1,532.59.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The company had revenue of $4.26 billion during 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 business’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the company earned $3.25 earnings per share. On average, equities research analysts forecast that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a research note on Tuesday, April 23rd. 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, March 27th. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Susquehanna lifted their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $1,790.36.

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.