Mn Services Vermogensbeheer B.V. lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,775 shares of the company's stock after selling 1,150 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in MercadoLibre were worth $32,726,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors increased its position in MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $2,370,848,000 after purchasing an additional 405,425 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in MercadoLibre in the 4th quarter valued at approximately $565,306,000. Capital World Investors boosted its holdings in MercadoLibre by 24.5% in the 4th 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 in the last quarter. Finally, Norges Bank purchased a new stake in MercadoLibre in the 4th quarter valued at approximately $383,051,000. Institutional investors and hedge funds own 87.62% of the company's stock.
MercadoLibre Trading Up 0.1%
MELI traded up $3.16 during trading on Friday, hitting $2,371.98. The company's stock had a trading volume of 341,577 shares, compared to its average volume of 386,370. The firm's 50 day moving average price is $2,340.95 and its 200-day moving average price is $2,074.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock has a market cap of $120.25 billion, a PE ratio of 62.92, a PEG ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,635.88.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. MercadoLibre's revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted $6.78 EPS. On average, analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.
Wall Street Analyst Weigh In
MELI has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Cantor Fitzgerald lowered their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a report on Wednesday. Benchmark lowered MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Finally, UBS Group set a $3,000.00 price target on MercadoLibre in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,632.50.
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MercadoLibre Profile
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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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