Public Employees Retirement System of Ohio Trims Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Public Employees Retirement System of Ohio lessened its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,392 shares of the company's stock after selling 368 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of MercadoLibre worth $94,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MELI. Capital International Investors raised its holdings in shares of 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 buying an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 buying an additional 405,425 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at $565,306,000. Capital World Investors raised its holdings in shares of 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 buying an additional 308,973 shares during the period. Finally, Norges Bank purchased a new stake in shares of MercadoLibre in the 4th quarter valued at $383,051,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Susquehanna boosted their target price 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. Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. The Goldman Sachs Group upped their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus target price of $2,572.86.

MercadoLibre Trading Up 0.2%

NASDAQ:MELI opened at $2,606.01 on Friday. The stock has a 50-day simple moving average of $2,179.91 and a 200-day simple moving average of $2,014.97. The stock has a market cap of $132.12 billion, a P/E ratio of 69.12, a P/E/G ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 1 year low of $1,550.00 and a 1 year high of $2,635.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.78 EPS. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

About MercadoLibre

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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