Waverton Investment Management Ltd decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 21,021 shares of the company's stock after selling 337 shares during the period. Waverton Investment Management Ltd's holdings in MercadoLibre were worth $41,014,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in MercadoLibre during the 4th quarter worth approximately $26,000. Covestor Ltd acquired a new stake in MercadoLibre in the fourth quarter worth $27,000. Heck Capital Advisors LLC bought a new stake in MercadoLibre in the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of MercadoLibre by 375.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock worth $37,000 after purchasing an additional 15 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 87.62% of the company's stock.
MercadoLibre Stock Up 0.8%
NASDAQ:MELI opened at $2,560.20 on Friday. MercadoLibre, Inc. has a 1 year low of $1,563.21 and a 1 year high of $2,635.88. The stock has a 50-day moving average price of $2,422.92 and a two-hundred day moving average price of $2,104.82. The stock has a market cap of $129.80 billion, a price-to-earnings ratio of 62.97, a PEG ratio of 1.51 and a beta of 1.51. 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.78 EPS. As a group, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have commented on the stock. 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 research note on Thursday, June 5th. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Cantor Fitzgerald cut their target price on 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. Finally, Susquehanna reissued a "positive" rating and issued a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.
Get Our Latest Report on MercadoLibre
MercadoLibre Company Profile
(
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.
Further Reading
Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).
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