Arcadia Investment Management Corp MI Sells 30 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Arcadia Investment Management Corp MI cut its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40 shares of the company’s stock after selling 30 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in MercadoLibre were worth $63,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in MercadoLibre during the 4th quarter worth approximately $1,370,000. Wealthspire Advisors LLC increased its stake in shares of MercadoLibre by 1.8% in the fourth quarter. Wealthspire Advisors LLC now owns 391 shares of the company’s stock valued at $614,000 after buying an additional 7 shares in the last quarter. National Pension Service raised its holdings in shares of MercadoLibre by 3.1% in the fourth quarter. National Pension Service now owns 103,451 shares of the company’s stock valued at $162,577,000 after buying an additional 3,111 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of MercadoLibre by 7.1% in the fourth quarter. Bogart Wealth LLC now owns 4,680 shares of the company’s stock valued at $7,355,000 after buying an additional 310 shares during the last quarter. Finally, Gryphon Financial Partners LLC lifted its position in MercadoLibre by 40.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 513 shares of the company’s stock worth $861,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Trading Down 1.2 %

Shares of NASDAQ:MELI traded down $21.38 during mid-day trading on Thursday, reaching $1,695.40. The stock had a trading volume of 473,876 shares, compared to its average volume of 407,024. The firm has a market cap of $85.95 billion, a PE ratio of 75.86, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45. The firm has a 50 day simple moving average of $1,504.54 and a two-hundred day simple moving average of $1,550.32. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, topping the consensus estimate of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the business posted $3.97 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, research analysts predict that MercadoLibre, Inc. will post 34.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on MELI. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a research report on Tuesday, April 23rd. Wedbush restated an “outperform” rating and issued a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday, May 3rd. Susquehanna increased their price objective on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Barclays lowered their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, UBS Group cut their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,805.00.

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.