DekaBank Deutsche Girozentrale decreased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,926 shares of the company's stock after selling 1,611 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.11% of MercadoLibre worth $108,119,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Park Square Financial Group LLC bought a new position in MercadoLibre during the 4th quarter valued at $26,000. Covestor Ltd bought a new position in MercadoLibre during the 4th quarter valued at $27,000. Heck Capital Advisors LLC bought a new position in MercadoLibre during the 4th quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in MercadoLibre by 375.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock valued at $37,000 after acquiring an additional 15 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in MercadoLibre during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 87.62% of the company's stock.
MercadoLibre Stock Performance
MELI traded down $14.65 during trading hours on Friday, hitting $2,387.45. The stock had a trading volume of 341,671 shares, compared to its average volume of 388,569. The company's fifty day simple moving average is $2,483.90 and its 200 day simple moving average is $2,153.84. MercadoLibre, Inc. has a 1 year low of $1,579.78 and a 1 year high of $2,645.22. The stock has a market cap of $121.04 billion, a PE ratio of 58.72, a price-to-earnings-growth ratio of 1.47 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57.
MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the firm posted $6.78 EPS. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on MELI shares. Barclays raised their price objective on MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup restated a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Susquehanna restated a "positive" rating and set a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Finally, Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $2,645.94.
View Our Latest Analysis on MercadoLibre
About MercadoLibre
(
Free Report)
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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