Axa S.A. Has $54.86 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Axa S.A. reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,263 shares of the company's stock after selling 8,602 shares during the period. Axa S.A. owned approximately 0.06% of MercadoLibre worth $54,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 3G Capital Partners LP boosted its stake in MercadoLibre by 216.7% in the fourth quarter. 3G Capital Partners LP now owns 19,000 shares of the company's stock valued at $32,308,000 after buying an additional 13,000 shares in the last quarter. Bienville Capital Management LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $12,289,000. Meiji Yasuda Life Insurance Co grew its holdings in shares of MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after purchasing an additional 5 shares during the last quarter. Keel Point LLC grew its holdings in shares of MercadoLibre by 0.5% during the 4th quarter. Keel Point LLC now owns 1,892 shares of the company's stock valued at $3,217,000 after purchasing an additional 9 shares during the last quarter. Finally, Dynamo Administracao de Recursos Ltda. increased its position in MercadoLibre by 1,954.8% during the 4th quarter. Dynamo Administracao de Recursos Ltda. now owns 16,110 shares of the company's stock worth $27,394,000 after purchasing an additional 15,326 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

MELI stock opened at $2,280.69 on Friday. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $2,061.51 and a 200-day moving average price of $1,973.35. The firm has a market cap of $115.62 billion, a PE ratio of 60.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $2.40. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Susquehanna boosted their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a report on Thursday. Wedbush cut their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and upped their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Finally, Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,464.67.

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.

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