Carmignac Gestion Grows Holdings in MercadoLibre, Inc. $MELI

Key Points

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Carmignac Gestion boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,238 shares of the company's stock after acquiring an additional 7,466 shares during the quarter. MercadoLibre accounts for 3.7% of Carmignac Gestion's portfolio, making the stock its 7th biggest holding. Carmignac Gestion owned about 0.23% of MercadoLibre worth $230,699,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Key Financial Inc acquired a new position in MercadoLibre during the 1st quarter valued at about $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre during the 1st quarter valued at about $25,000. Park Square Financial Group LLC acquired a new position in MercadoLibre during the 4th quarter valued at about $26,000. Close Asset Management Ltd increased its position in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after buying an additional 11 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after buying an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Down 1.2%

Shares of MELI opened at $2,364.01 on Tuesday. The stock's 50-day moving average is $2,412.88 and its two-hundred day moving average is $2,266.66. The stock has a market cap of $119.86 billion, a PE ratio of 58.39, a P/E/G ratio of 1.52 and a beta of 1.46. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%. The firm's revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.48 earnings per share. Equities analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MELI has been the subject of a number of research reports. Wedbush set a $2,700.00 target price on MercadoLibre and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Susquehanna reaffirmed a "positive" rating and set a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2,700.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, UBS Group set a $3,000.00 target price on MercadoLibre in a report on Monday, June 2nd. Three 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's stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average price target of $2,817.22.

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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