GF Fund Management CO. LTD. Takes Position in MercadoLibre, Inc. (NASDAQ:MELI)

GF Fund Management CO. LTD. acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,608 shares of the company's stock, valued at approximately $16,338,000.

A number of other institutional investors have also recently made changes to their positions in MELI. Human Investing LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. grew its position in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. grew its position in MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 8 shares in the last quarter. Covestor Ltd purchased a new position in MercadoLibre in the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in MercadoLibre in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 1.9%

NASDAQ:MELI traded up $47.34 during midday trading on Tuesday, reaching $2,555.17. The company had a trading volume of 265,931 shares, compared to its average volume of 382,975. The firm has a market capitalization of $129.54 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 1.12 and a beta of 1.61. The stock's fifty day simple moving average is $2,198.84 and its 200-day simple moving average is $2,023.31. 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 announced its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) 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 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. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Finally, The Goldman Sachs Group lifted their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,572.86.

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.