Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Decreases Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,323 shares of the company’s stock after selling 112 shares during the period. MercadoLibre comprises 2.1% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings, making the stock its 21st largest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in MercadoLibre were worth $17,554,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Human Investing LLC purchased a new stake in MercadoLibre in the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. increased its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares during the period. Brown Lisle Cummings Inc. increased its position in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd acquired a new stake in MercadoLibre in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $32,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.3%

Shares of NASDAQ MELI opened at $2,578.35 on Tuesday. The stock has a market capitalization of $130.71 billion, a PE ratio of 68.39, a P/E/G ratio of 1.12 and a beta of 1.61. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average of $2,146.51 and a 200-day moving average of $2,003.13. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,610.30.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. MercadoLibre’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.78 EPS. On average, analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on MELI shares. Cantor Fitzgerald lowered their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Benchmark cut shares of MercadoLibre from a “buy” rating to a “cautious” rating in a research note on Thursday, May 1st. Citigroup restated a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Bank of America increased their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,521.33.

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.