Compagnie Lombard Odier SCmA Raises Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Compagnie Lombard Odier SCmA grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 423.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,148 shares of the company's stock after purchasing an additional 1,738 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in MercadoLibre were worth $4,190,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC grew its holdings in MercadoLibre by 47.3% during the 4th quarter. Apollon Wealth Management LLC now owns 629 shares of the company's stock valued at $1,070,000 after buying an additional 202 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in MercadoLibre by 7.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 459 shares of the company's stock valued at $781,000 after buying an additional 33 shares in the last quarter. Empowered Funds LLC grew its holdings in MercadoLibre by 2.0% during the 4th quarter. Empowered Funds LLC now owns 711 shares of the company's stock valued at $1,209,000 after buying an additional 14 shares in the last quarter. Stephens Inc. AR grew its holdings in MercadoLibre by 16.8% during the 4th quarter. Stephens Inc. AR now owns 1,223 shares of the company's stock valued at $2,080,000 after buying an additional 176 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in MercadoLibre by 2.3% during the 4th quarter. Savant Capital LLC now owns 308 shares of the company's stock valued at $524,000 after buying an additional 7 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

NASDAQ:MELI traded up $3.16 during mid-day trading on Friday, reaching $2,371.98. The stock had a trading volume of 341,577 shares, compared to its average volume of 386,370. The firm has a 50 day moving average price of $2,340.95 and a two-hundred day moving average price of $2,074.79. The stock has a market capitalization of $120.25 billion, a P/E ratio of 62.92, a P/E/G ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,635.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.78 EPS. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MELI shares. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a report on Wednesday. Wall Street Zen raised MercadoLibre from a "hold" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group boosted their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Benchmark lowered MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Finally, UBS Group set a $3,000.00 price objective on MercadoLibre in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and an average target price of $2,632.50.

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.