Two Sigma Investments LP lowered its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 93.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,953 shares of the company's stock after selling 98,938 shares during the quarter. Two Sigma Investments LP's holdings in MercadoLibre were worth $11,823,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Capital Research Global Investors increased its position in shares of MercadoLibre by 8.0% in the fourth quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock valued at $4,108,079,000 after buying an additional 179,807 shares in the last quarter. Capital International Investors increased its position in MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after purchasing an additional 470,829 shares in the last quarter. Capital World Investors increased its position in MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company's stock worth $2,667,386,000 after purchasing an additional 308,973 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in MercadoLibre by 41.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after purchasing an additional 405,425 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in MercadoLibre by 0.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock worth $927,239,000 after purchasing an additional 2,048 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.
MercadoLibre Trading Down 0.4%
Shares of NASDAQ:MELI traded down $10.05 during trading on Thursday, reaching $2,540.66. 69,367 shares of the stock were exchanged, compared to its average volume of 381,806. 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, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88. The firm has a market cap of $128.80 billion, a price-to-earnings ratio of 67.36, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The firm's 50-day moving average price is $2,217.71 and its 200 day moving average price is $2,030.61.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter in the previous year, the business earned $6.78 EPS. The company's revenue for the quarter was up 37.0% on a year-over-year basis. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently commented on MELI shares. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Susquehanna lifted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Barclays lifted their price objective on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $2,572.86.
Read Our Latest Stock Report on MELI
About MercadoLibre
(
Free Report)
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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