MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lowered its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500 shares of the company's stock after selling 1,500 shares during the period. PKO Investment Management Joint Stock Co's holdings in MercadoLibre were worth $2,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new position in MercadoLibre in the fourth quarter worth $26,000. Covestor Ltd purchased a new position in MercadoLibre in the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new stake in MercadoLibre in the fourth quarter valued at $32,000. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MELI. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Bank of America increased their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Benchmark lowered MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $2,800.00 price objective (up from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,632.50.

MercadoLibre Price Performance

Shares of MELI traded up $13.27 during trading hours on Thursday, reaching $2,402.75. 238,171 shares of the company traded hands, compared to its average volume of 386,166. The stock has a market capitalization of $121.82 billion, a PE ratio of 59.09, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The stock has a fifty day simple moving average of $2,370.14 and a 200 day simple moving average of $2,082.46. MercadoLibre, Inc. has a fifty-two week low of $1,563.21 and a fifty-two week high of $2,635.88. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. 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 company earned $6.78 EPS. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

MercadoLibre Company 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.