MercadoLibre, Inc. (NASDAQ:MELI) Position Raised by Slow Capital Inc.

Slow Capital Inc. raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 23.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,845 shares of the company's stock after acquiring an additional 2,836 shares during the period. MercadoLibre makes up approximately 3.9% of Slow Capital Inc.'s holdings, making the stock its 5th biggest holding. Slow Capital Inc.'s holdings in MercadoLibre were worth $28,960,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Capital Research Global Investors raised its stake in MercadoLibre by 8.0% during the fourth quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock valued at $4,108,079,000 after purchasing an additional 179,807 shares in the last quarter. Capital International Investors raised its position in shares of MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after buying an additional 470,829 shares in the last quarter. Capital World Investors raised its position in MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD raised its position in MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after purchasing an additional 405,425 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in MercadoLibre by 0.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after purchasing an additional 2,048 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Up 0.6%

MELI traded up $15.15 on Wednesday, hitting $2,405.15. The company had a trading volume of 209,952 shares, compared to its average volume of 399,704. The stock has a fifty day moving average price of $2,491.92 and a 200-day moving average price of $2,170.28. MercadoLibre, Inc. has a 12-month low of $1,579.78 and a 12-month high of $2,645.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $121.94 billion, a price-to-earnings ratio of 59.15, a P/E/G ratio of 1.41 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data 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. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the previous year, the firm earned $6.78 EPS. The company's quarterly revenue was up 37.0% compared to the same quarter last year. Analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of several recent research reports. The Goldman Sachs Group increased their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen lowered shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Barclays increased their price target on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. UBS Group set a $3,000.00 target price on MercadoLibre in a research note on Monday, June 2nd. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and an average target price of $2,645.94.

About MercadoLibre

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.