MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. raised its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 113.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 576 shares of the company's stock after purchasing an additional 306 shares during the period. Fullerton Fund Management Co Ltd.'s holdings in MercadoLibre were worth $979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MELI. 1620 Investment Advisors Inc. lifted its holdings in MercadoLibre by 2.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after buying an additional 5 shares during the period. Texas Yale Capital Corp. lifted its holdings in MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after purchasing an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its holdings in shares of MercadoLibre by 0.5% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after buying an additional 5 shares in the last quarter. Nvwm LLC raised its holdings in shares of MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after acquiring an additional 6 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of MercadoLibre by 10.9% during the 4th quarter. Ancora Advisors LLC now owns 61 shares of the company's stock worth $104,000 after acquiring an additional 6 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded up $10.51 during trading on Tuesday, reaching $2,515.12. The company had a trading volume of 361,279 shares, compared to its average volume of 382,365. The stock's fifty day moving average price is $2,089.82 and its 200 day moving average price is $1,984.71. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,560.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The firm has a market capitalization of $127.51 billion, a price-to-earnings ratio of 66.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.

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

Analysts Set New Price Targets

Several research analysts have recently commented on MELI shares. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. StockNews.com raised shares of MercadoLibre from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Bank of America upped their target price 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. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Finally, Barclays boosted their price objective on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,504.67.

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.