Compagnie Lombard Odier SCmA Purchases 1,738 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Compagnie Lombard Odier SCmA increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 423.9% during the 1st quarter, according to its most recent Form 13F 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 quarter.

Other hedge funds have also modified their holdings of the company. Human Investing LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Covestor Ltd bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new position in MercadoLibre in the fourth quarter valued at approximately $32,000. Finally, Stonebridge Financial Group LLC bought a new position in MercadoLibre in the fourth quarter valued at approximately $37,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MELI. Barclays lifted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Susquehanna lifted their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research note on Wednesday. Bank of America upped their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and an average target price of $2,632.50.

MercadoLibre Stock Performance

MercadoLibre stock traded down $18.18 during mid-day trading on Thursday, reaching $2,368.82. The company's stock had a trading volume of 308,951 shares, compared to its average volume of 385,356. 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, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88. The company has a market capitalization of $120.09 billion, a P/E ratio of 62.83, a PEG ratio of 1.12 and a beta of 1.51. The firm's fifty day moving average price is $2,318.55 and its two-hundred day moving average price is $2,070.71.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the business earned $6.78 EPS. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.