Siemens Fonds Invest GmbH Acquires 9,838 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Siemens Fonds Invest GmbH increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 480.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,886 shares of the company's stock after acquiring an additional 9,838 shares during the period. MercadoLibre makes up about 0.8% of Siemens Fonds Invest GmbH's holdings, making the stock its 19th biggest position. Siemens Fonds Invest GmbH's holdings in MercadoLibre were worth $20,211,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors increased its holdings in shares of MercadoLibre by 8.0% in the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock worth $4,108,079,000 after buying an additional 179,807 shares during the last quarter. Capital International Investors boosted its stake 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 purchasing an additional 470,829 shares in the last quarter. Capital World Investors boosted its stake 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 purchasing an additional 308,973 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 405,425 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of MercadoLibre by 0.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after purchasing an additional 2,048 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 0.7%

Shares of NASDAQ:MELI traded up $16.73 on Friday, hitting $2,562.22. The company had a trading volume of 405,889 shares, compared to its average volume of 383,003. The firm's 50-day simple moving average is $2,233.35 and its two-hundred day simple moving average is $2,038.68. MercadoLibre, Inc. has a 1 year low of $1,550.00 and a 1 year high of $2,635.88. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $129.90 billion, a price-to-earnings ratio of 67.96, a P/E/G ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. During the same period last year, the company posted $6.78 EPS. The company's quarterly revenue was up 37.0% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MELI shares. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Susquehanna upped their price objective 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. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group upped their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and an average target price of $2,572.86.

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.