MercadoLibre, Inc. (NASDAQ:MELI) is Dynamo Administracao de Recursos Ltda.'s Largest Position

Dynamo Administracao de Recursos Ltda. cut its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,227 shares of the company's stock after selling 8,883 shares during the quarter. MercadoLibre makes up about 84.7% of Dynamo Administracao de Recursos Ltda.'s holdings, making the stock its biggest position. Dynamo Administracao de Recursos Ltda.'s holdings in MercadoLibre were worth $14,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MELI. Key Financial Inc bought a new position in shares of MercadoLibre during the 1st quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new position in shares of MercadoLibre during the 1st quarter valued at approximately $25,000. Close Asset Management Ltd lifted its stake in shares of 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. Human Investing LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at approximately $26,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at approximately $26,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. 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. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group upped their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $2,632.50.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded down $18.18 during trading on Thursday, reaching $2,368.82. The company had a trading volume of 308,951 shares, compared to its average volume of 385,355. The company has a fifty day moving average of $2,330.03 and a two-hundred day moving average of $2,072.57. The stock has a market capitalization of $120.09 billion, a P/E ratio of 62.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a 12 month low of $1,550.00 and a 12 month high of $2,635.88. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. The firm had revenue of $5.94 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.78 EPS. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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.