MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 191,990 shares of the company's stock after selling 21,510 shares during the period. Bessemer Group Inc. owned approximately 0.38% of MercadoLibre worth $374,547,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter worth $26,000. Covestor Ltd bought a new position in MercadoLibre during the fourth quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $32,000. VSM Wealth Advisory LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth about $37,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of MercadoLibre by 375.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock worth $37,000 after acquiring an additional 15 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MELI shares. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Barclays raised their price target on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,632.50.

MercadoLibre Stock Up 0.5%

NASDAQ:MELI traded up $11.55 during mid-day trading on Wednesday, hitting $2,540.50. 303,068 shares of the company's stock traded hands, compared to its average volume of 386,689. The company has a fifty day moving average of $2,404.18 and a 200 day moving average of $2,096.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a twelve month low of $1,563.21 and a twelve month high of $2,635.88. The company has a market capitalization of $128.80 billion, a P/E ratio of 62.48, a P/E/G ratio of 1.46 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.55 billion. During the same period last year, the firm posted $6.78 EPS. MercadoLibre's revenue was up 37.0% on a year-over-year basis. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 EPS 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.