Boston Common Asset Management LLC Sells 187 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Boston Common Asset Management LLC trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 3.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,793 shares of the company’s stock after selling 187 shares during the period. Boston Common Asset Management LLC’s holdings in MercadoLibre were worth $9,835,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MELI. Cantor Fitzgerald L. P. acquired a new stake in MercadoLibre during the 4th quarter worth approximately $275,000. Berkshire Capital Holdings Inc. grew its stake in shares of MercadoLibre by 21.5% in the fourth quarter. Berkshire Capital Holdings Inc. now owns 5,700 shares of the company’s stock worth $8,958,000 after purchasing an additional 1,010 shares during the last quarter. Foxhaven Asset Management LP increased its holdings in MercadoLibre by 4.9% in the fourth quarter. Foxhaven Asset Management LP now owns 182,958 shares of the company’s stock valued at $287,526,000 after purchasing an additional 8,521 shares during the period. Parkwood LLC increased its holdings in MercadoLibre by 5.9% in the fourth quarter. Parkwood LLC now owns 2,752 shares of the company’s stock valued at $4,325,000 after purchasing an additional 153 shares during the period. Finally, Profund Advisors LLC raised its position in MercadoLibre by 23.5% during the 4th quarter. Profund Advisors LLC now owns 3,914 shares of the company’s stock worth $6,151,000 after purchasing an additional 745 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.4 %

Shares of MELI stock opened at $2,040.50 on Friday. MercadoLibre, Inc. has a 52-week low of $1,141.04 and a 52-week high of $2,161.73. The company has a 50-day simple moving average of $1,997.57 and a two-hundred day simple moving average of $1,737.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The company has a market capitalization of $103.45 billion, a price-to-earnings ratio of 73.74, a PEG ratio of 1.25 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping the consensus estimate of $8.53 by $1.95. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The business had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the previous year, the firm earned $5.16 earnings per share. The business’s revenue was up 41.5% on a year-over-year basis. Research analysts anticipate that MercadoLibre, Inc. will post 37.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MELI shares. Citigroup raised their price target on shares of MercadoLibre from $2,000.00 to $2,200.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. The Goldman Sachs Group lifted their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,530.00 price target on shares of MercadoLibre in a research report on Monday. Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Finally, BTIG Research boosted their price objective on MercadoLibre from $2,025.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,246.07.

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.