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

Arcadia Investment Management Corp MI decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 42.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40 shares of the company’s stock after selling 30 shares during the period. Arcadia Investment Management Corp MI’s holdings in MercadoLibre were worth $63,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $28,000. Archer Investment Corp bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth approximately $36,000. Blue Trust Inc. lifted its holdings in shares of MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after purchasing an additional 9 shares in the last quarter. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of MercadoLibre in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays decreased their price objective on shares of 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. Wedbush reiterated an “outperform” rating and set a $1,800.00 price target on shares of MercadoLibre in a report on Friday, May 3rd. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a research report on Tuesday, April 23rd. UBS Group decreased their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,805.00.

MercadoLibre Stock Performance

Shares of MELI stock traded down $21.38 during trading on Thursday, reaching $1,695.40. 473,876 shares of the company’s stock traded hands, compared to its average volume of 407,024. The firm’s 50-day moving average is $1,504.54 and its 200 day moving average is $1,550.32. The company has a market capitalization of $85.95 billion, a P/E ratio of 75.86, a PEG ratio of 1.09 and a beta of 1.45. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. 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 (NASDAQ:MELI) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.64 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a return on equity of 42.04% and a net margin of 7.17%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.97 earnings per share. Equities research analysts expect that MercadoLibre, Inc. will post 34.46 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.