Versant Capital Management Inc Boosts Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Versant Capital Management Inc increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3,750.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 154 shares of the company's stock after buying an additional 150 shares during the quarter. Versant Capital Management Inc's holdings in MercadoLibre were worth $301,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MELI. Capital International Investors grew its stake in shares of MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 405,425 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in MercadoLibre during the 4th quarter valued at $565,306,000. Capital World Investors raised its holdings in MercadoLibre by 24.5% during the 4th 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. Finally, Norges Bank purchased a new stake in MercadoLibre during the 4th quarter valued at $383,051,000. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. The Goldman Sachs Group increased their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Finally, Barclays raised their price objective on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus price target of $2,572.86.

MercadoLibre Price Performance

MELI traded up $9.53 during trading on Wednesday, hitting $2,611.79. The company's stock had a trading volume of 104,664 shares, compared to its average volume of 381,016. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,635.88. The business's fifty day simple moving average is $2,253.84 and its 200 day simple moving average is $2,049.42. The firm has a market capitalization of $132.41 billion, a price-to-earnings ratio of 69.28, a P/E/G ratio of 1.12 and a beta of 1.61.

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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business's revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted $6.78 earnings per share. On average, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.