Union Bancaire Privee UBP SA Has $5.54 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Union Bancaire Privee UBP SA boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 219.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,767 shares of the company's stock after acquiring an additional 1,901 shares during the quarter. Union Bancaire Privee UBP SA's holdings in MercadoLibre were worth $5,535,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MELI. Oppenheimer & Co. Inc. lifted its position in MercadoLibre by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after acquiring an additional 143 shares in the last quarter. Prospect Financial Services LLC lifted its holdings in shares of MercadoLibre by 41.7% during the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock worth $663,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp increased its position in MercadoLibre by 34.1% during the 4th quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company's stock worth $5,957,000 after purchasing an additional 891 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of MercadoLibre by 47.3% during the fourth quarter. Apollon Wealth Management LLC now owns 629 shares of the company's stock worth $1,070,000 after buying an additional 202 shares during the period. Finally, JARISLOWSKY FRASER Ltd increased 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 during the period. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Bank of America boosted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Barclays lifted 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. Finally, Citigroup reissued a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $2,632.50.

MercadoLibre Stock Performance

MercadoLibre stock traded down $18.18 during trading hours on Thursday, hitting $2,368.82. The stock had a trading volume of 308,951 shares, compared to its average volume of 385,356. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week 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 company has a 50-day moving average of $2,318.55 and a two-hundred day moving average of $2,070.71. The company has a market cap of $120.09 billion, a PE ratio of 62.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.

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