MercadoLibre, Inc. (NASDAQ:MELI) Holdings Lowered by Sava Infond d.o.o.

Sava Infond d.o.o. lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,940 shares of the company's stock after selling 420 shares during the period. MercadoLibre makes up about 1.8% of Sava Infond d.o.o.'s investment portfolio, making the stock its 13th largest position. Sava Infond d.o.o.'s holdings in MercadoLibre were worth $9,637,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in MercadoLibre by 11.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after purchasing an additional 143 shares during the last quarter. Prospect Financial Services LLC raised its position in shares of MercadoLibre by 41.7% in the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock valued at $663,000 after purchasing an additional 100 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of MercadoLibre by 34.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company's stock valued at $5,957,000 after buying an additional 891 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its position in shares of MercadoLibre by 43.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock worth $5,525,000 after buying an additional 987 shares in the last quarter. Finally, Avant Financial Advisors LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth approximately $316,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded up $11.55 during trading hours on Wednesday, hitting $2,540.50. The stock had a trading volume of 303,068 shares, compared to its average volume of 386,689. The stock's fifty day simple moving average is $2,404.18 and its 200 day simple moving average is $2,096.83. The firm has a market capitalization of $128.80 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 1.46 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a 1-year low of $1,563.21 and a 1-year high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its 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. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the previous year, the business earned $6.78 EPS. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday. The Goldman Sachs Group upped their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Cantor Fitzgerald lowered their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research note on Wednesday, June 11th. Finally, Barclays increased their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus price target of $2,632.50.

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.