MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,104 shares of the company's stock after buying an additional 115 shares during the quarter. Penserra Capital Management LLC's holdings in MercadoLibre were worth $19,709,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. 1620 Investment Advisors Inc. grew its holdings in MercadoLibre by 2.5% during the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after buying an additional 5 shares during the last quarter. Texas Yale Capital Corp. boosted its holdings in shares of MercadoLibre by 0.3% during the fourth quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after purchasing an additional 5 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its holdings in shares of MercadoLibre by 0.5% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after purchasing an additional 5 shares during the last quarter. Formidable Asset Management LLC boosted its holdings in shares of MercadoLibre by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after purchasing an additional 5 shares during the last quarter. Finally, Revolve Wealth Partners LLC boosted its holdings in shares of MercadoLibre by 4.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock worth $201,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Cantor Fitzgerald decreased 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, June 11th. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Jefferies Financial Group restated a "hold" rating and set a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. Finally, Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.

MercadoLibre Trading Up 1.4%

MercadoLibre stock traded up $34.98 during midday trading on Friday, reaching $2,507.03. The stock had a trading volume of 194,179 shares, compared to its average volume of 389,022. MercadoLibre, Inc. has a twelve month low of $1,579.78 and a twelve month high of $2,645.22. The stock has a market capitalization of $127.11 billion, a PE ratio of 61.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The stock's 50-day simple moving average is $2,469.05 and its 200 day simple moving average is $2,135.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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. The company had revenue of $5.94 billion for 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%. The firm's revenue was up 37.0% compared to the same quarter last year. During the same period last year, the company posted $6.78 earnings per share. Analysts expect 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.