MercadoLibre, Inc. (NASDAQ:MELI) Stake Reduced by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos lowered its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 7.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,483 shares of the company’s stock after selling 1,400 shares during the quarter. MercadoLibre accounts for 14.8% of Moneda S.A. Administradora General de Fondos’ holdings, making the stock its 3rd largest holding. Moneda S.A. Administradora General de Fondos’ holdings in MercadoLibre were worth $26,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MELI. WCM Investment Management LLC grew its stake in shares of MercadoLibre by 74.8% in the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after buying an additional 497,535 shares in the last quarter. Norges Bank acquired a new position in MercadoLibre during the 4th quarter worth $554,386,000. International Assets Investment Management LLC grew its stake in MercadoLibre by 112,333.8% during the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in MercadoLibre by 1,432.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,355 shares of the company’s stock worth $200,140,000 after purchasing an additional 119,043 shares in the last quarter. Finally, Capital World Investors grew its stake in MercadoLibre by 13.3% during the 4th quarter. Capital World Investors now owns 750,720 shares of the company’s stock worth $1,179,787,000 after purchasing an additional 88,359 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wedbush reissued an “outperform” rating and set a $1,800.00 target price on shares of MercadoLibre in a research note on Friday, May 3rd. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research note on Tuesday, April 23rd. Citigroup lowered their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. UBS Group lowered their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Barclays boosted their target price on MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,922.08.

MercadoLibre Stock Up 3.1 %

Shares of MELI traded up $52.57 during mid-day trading on Friday, reaching $1,761.22. The company’s stock had a trading volume of 335,191 shares, compared to its average volume of 372,014. The stock has a market cap of $89.29 billion, a PE ratio of 77.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. MercadoLibre, Inc. has a 12-month low of $1,126.84 and a 12-month high of $1,825.00. The company’s 50 day moving average is $1,658.58 and its 200 day moving average is $1,609.98.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.84 billion. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The business’s revenue was up 36.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.97 EPS. Equities analysts anticipate that MercadoLibre, Inc. will post 33.81 EPS for the current fiscal year.

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.