First Heartland Consultants Inc. Sells 63 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

First Heartland Consultants Inc. lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 12.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 435 shares of the company’s stock after selling 63 shares during the quarter. First Heartland Consultants Inc.’s holdings in MercadoLibre were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. GQG Partners LLC raised its holdings in shares of MercadoLibre by 442.2% in the 1st quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock worth $1,201,679,000 after purchasing an additional 648,198 shares during the period. International Assets Investment Management LLC raised its holdings in shares of MercadoLibre by 205,108.3% in the 3rd quarter. International Assets Investment Management LLC now owns 248,302 shares of the company’s stock worth $509,506,000 after purchasing an additional 248,181 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of MercadoLibre by 43.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock worth $1,167,073,000 after purchasing an additional 232,787 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of MercadoLibre in the 2nd quarter worth approximately $2,913,000. Finally, Janus Henderson Group PLC raised its holdings in MercadoLibre by 55.8% during the 1st quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock valued at $557,225,000 after acquiring an additional 132,028 shares during the period. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MELI. Raymond James began coverage on shares of MercadoLibre in a report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 target price on the stock. Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Citigroup boosted their target price on shares of MercadoLibre from $2,200.00 to $2,480.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,286.33.

MercadoLibre Trading Up 0.2 %

MercadoLibre stock traded up $4.40 during mid-day trading on Tuesday, hitting $1,965.56. The company’s stock had a trading volume of 142,635 shares, compared to its average volume of 364,181. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26. The stock has a market cap of $99.65 billion, a price-to-earnings ratio of 69.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.61. The business has a 50 day moving average price of $2,044.44 and a 200-day moving average price of $1,832.95. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,161.73.

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.