Bearing Point Capital LLC lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 221.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,965 shares of the company's stock after buying an additional 1,354 shares during the quarter. Bearing Point Capital LLC's holdings in MercadoLibre were worth $3,833,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of MELI. Capital Research Global Investors raised its position in MercadoLibre by 8.0% in 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 during the period. Capital International Investors raised its holdings in MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after purchasing an additional 470,829 shares in the last quarter. Capital World Investors increased its holdings in MercadoLibre by 24.5% in the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after buying an additional 308,973 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of MercadoLibre by 41.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after acquiring an additional 405,425 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of MercadoLibre by 1.6% during the 1st quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock worth $2,251,531,000 after purchasing an additional 18,731 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MELI has been the topic of a number of recent analyst reports. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a report on Monday, June 2nd. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Jefferies Financial Group restated a "hold" rating and set a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Finally, Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,690.29.
Check Out Our Latest Stock Analysis on MercadoLibre
MercadoLibre Stock Up 0.2%
MercadoLibre stock traded up $4.60 during mid-day trading on Wednesday, hitting $2,389.50. 81,797 shares of the company's stock were exchanged, compared to its average volume of 389,304. The stock has a market cap of $121.14 billion, a P/E ratio of 58.83, a P/E/G ratio of 1.40 and a beta of 1.49. The stock has a 50 day moving average of $2,467.53 and a two-hundred day moving average of $2,213.97. MercadoLibre, Inc. has a 1-year low of $1,579.78 and a 1-year high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period last year, the business earned $6.78 earnings per share. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
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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