TD Waterhouse Canada Inc. Sells 1,155 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

TD Waterhouse Canada Inc. trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 90.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125 shares of the company’s stock after selling 1,155 shares during the period. TD Waterhouse Canada Inc.’s holdings in MercadoLibre were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MELI. Tower Research Capital LLC TRC grew its position in MercadoLibre by 94.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the company’s stock worth $2,915,000 after buying an additional 832 shares in the last quarter. Mirabella Financial Services LLP grew its holdings in shares of MercadoLibre by 66.7% during the fourth quarter. Mirabella Financial Services LLP now owns 3,598 shares of the company’s stock worth $6,115,000 after purchasing an additional 1,439 shares in the last quarter. Norinchukin Bank The increased its position in shares of MercadoLibre by 8.3% in the fourth quarter. Norinchukin Bank The now owns 511 shares of the company’s stock worth $869,000 after purchasing an additional 39 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in MercadoLibre by 416.9% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 22,583 shares of the company’s stock valued at $38,401,000 after purchasing an additional 18,214 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in MercadoLibre by 8.0% during the fourth quarter. Capital Research Global Investors now owns 2,415,815 shares of the company’s stock valued at $4,108,079,000 after purchasing an additional 179,807 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MELI shares. Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. Bank of America raised their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. The Goldman Sachs Group upped their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays raised their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Benchmark began coverage on MercadoLibre in a research note on Tuesday, April 15th. They issued a “buy” rating and a $2,500.00 target price for the company. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $2,464.67.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,225.85 on Friday. MercadoLibre, Inc. has a 1-year low of $1,419.86 and a 1-year high of $2,374.54. The firm has a market cap of $112.84 billion, a P/E ratio of 59.04, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average of $2,050.36 and a 200-day moving average of $1,965.68.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.