MercadoLibre, Inc. (NASDAQ:MELI) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,854 shares of the company's stock after selling 662 shares during the quarter. MercadoLibre makes up about 1.3% of Sarasin & Partners LLP's holdings, making the stock its 29th largest holding. Sarasin & Partners LLP owned 0.13% of MercadoLibre worth $133,078,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MELI. 1620 Investment Advisors Inc. grew its stake 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 acquiring an additional 5 shares in the last quarter. Texas Yale Capital Corp. grew its stake in shares of MercadoLibre by 0.3% in the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock valued at $2,779,000 after buying an additional 5 shares during the period. Meiji Yasuda Life Insurance Co grew its stake in shares of MercadoLibre by 0.5% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after buying an additional 5 shares during the period. Formidable Asset Management LLC grew its stake in shares of MercadoLibre by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock valued at $272,000 after buying an additional 5 shares during the period. Finally, Revolve Wealth Partners LLC grew its stake in shares of MercadoLibre by 4.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock valued at $201,000 after buying an additional 5 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Up 0.5%

Shares of MELI traded up $13.05 during midday trading on Thursday, reaching $2,587.01. The stock had a trading volume of 140,191 shares, compared to its average volume of 380,808. The company's fifty day simple moving average is $2,264.36 and its two-hundred day simple moving average is $2,053.04. 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 current ratio of 1.25 and a quick ratio of 1.22. The company has a market cap of $131.15 billion, a price-to-earnings ratio of 68.62, a PEG ratio of 1.12 and a beta of 1.61.

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, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. MercadoLibre's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the firm posted $6.78 EPS. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna increased their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Barclays increased their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 price target (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday. Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus price target of $2,588.00.

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.