Tybourne Capital Management HK Ltd. Buys 211 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Tybourne Capital Management HK Ltd. boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,288 shares of the company's stock after acquiring an additional 211 shares during the quarter. Tybourne Capital Management HK Ltd.'s holdings in MercadoLibre were worth $2,190,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MELI. Human Investing LLC bought a new stake in MercadoLibre during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its position in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd bought a new stake in MercadoLibre during the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in MercadoLibre during the 4th quarter worth about $32,000. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Bank of America boosted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus price target of $2,521.33.

MercadoLibre Stock Down 0.1%

Shares of MELI opened at $2,584.92 on Monday. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,610.30. The firm has a market cap of $131.05 billion, a P/E ratio of 68.57, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The firm's 50-day simple moving average is $2,135.04 and its 200 day simple moving average is $1,999.47. 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 announced its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the business earned $6.78 EPS. MercadoLibre's quarterly revenue was up 37.0% on a year-over-year basis. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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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