MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Bellecapital International Ltd.

Bellecapital International Ltd. decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,531 shares of the company's stock after selling 134 shares during the quarter. MercadoLibre comprises approximately 4.1% of Bellecapital International Ltd.'s investment portfolio, making the stock its 6th biggest holding. Bellecapital International Ltd.'s holdings in MercadoLibre were worth $20,545,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. 1620 Investment Advisors Inc. grew its position in shares of MercadoLibre by 2.5% during the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock worth $346,000 after buying an additional 5 shares during the period. Texas Yale Capital Corp. grew its position in shares of MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after buying an additional 5 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in MercadoLibre by 0.5% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after purchasing an additional 5 shares during the period. Formidable Asset Management LLC grew its holdings in MercadoLibre by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock valued at $272,000 after purchasing an additional 5 shares during the period. Finally, Revolve Wealth Partners LLC grew its holdings in MercadoLibre by 4.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock valued at $201,000 after purchasing an additional 5 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MELI. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a report on Monday, June 2nd. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Finally, Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus target price of $2,632.50.

MercadoLibre Stock Performance

MELI stock traded up $3.16 during trading hours 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 stock has a market capitalization of $120.25 billion, a PE ratio of 62.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock has a 50-day simple moving average of $2,340.95 and a 200 day simple moving average of $2,074.79. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced 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 analysts' expectations of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter last year, the company posted $6.78 earnings per share. Analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.