Verde Servicos Internacionais S.A. Trims Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Verde Servicos Internacionais S.A. lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 33.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 838 shares of the company's stock after selling 422 shares during the period. MercadoLibre makes up about 0.9% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 19th largest position. Verde Servicos Internacionais S.A.'s holdings in MercadoLibre were worth $1,635,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MELI. Capital Research Global Investors lifted 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 acquiring an additional 179,807 shares during the last quarter. Capital International Investors lifted its stake in MercadoLibre by 38.7% in the fourth 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 during the last quarter. Capital World Investors boosted its position in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after buying an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of MercadoLibre by 41.0% during the fourth 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 buying an additional 405,425 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of MercadoLibre by 0.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock worth $927,239,000 after buying an additional 2,048 shares during the period. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 3.1%

Shares of MercadoLibre stock traded up $76.06 on Tuesday, reaching $2,528.95. The stock had a trading volume of 313,246 shares, compared to its average volume of 387,024. MercadoLibre, Inc. has a 1 year low of $1,563.21 and a 1 year high of $2,635.88. The company has a 50 day moving average price of $2,404.18 and a 200 day moving average price of $2,096.83. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $128.22 billion, a P/E ratio of 62.20, a P/E/G ratio of 1.46 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly 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. 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 48.46% and a net margin of 9.21%. The business's quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.78 earnings per share. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on MELI. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a report on Monday, June 2nd. The Goldman Sachs Group raised their target price 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. Jefferies Financial Group reiterated a "hold" rating and issued a $2,800.00 price target (up previously from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. Finally, Cantor Fitzgerald reduced their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,632.50.

MercadoLibre Company 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.