GUARDCAP ASSET MANAGEMENT Ltd Trims Position in MercadoLibre, Inc. (NASDAQ:MELI)

GUARDCAP ASSET MANAGEMENT Ltd lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 12.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,680 shares of the company's stock after selling 539 shares during the period. MercadoLibre accounts for about 0.1% of GUARDCAP ASSET MANAGEMENT Ltd's holdings, making the stock its 18th biggest position. GUARDCAP ASSET MANAGEMENT Ltd's holdings in MercadoLibre were worth $5,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MELI. Mackenzie Financial Corp lifted its stake in shares of MercadoLibre by 209.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,175 shares of the company's stock worth $1,443,000 after acquiring an additional 795 shares during the period. Congress Wealth Management LLC DE lifted its position in MercadoLibre by 13.5% in the third quarter. Congress Wealth Management LLC DE now owns 504 shares of the company's stock valued at $639,000 after purchasing an additional 60 shares during the period. Malaga Cove Capital LLC boosted its holdings in MercadoLibre by 27.0% in the 3rd quarter. Malaga Cove Capital LLC now owns 541 shares of the company's stock valued at $686,000 after purchasing an additional 115 shares in the last quarter. Jennison Associates LLC increased its position in MercadoLibre by 1.3% during the 3rd quarter. Jennison Associates LLC now owns 2,233,430 shares of the company's stock worth $2,831,721,000 after purchasing an additional 28,095 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of MercadoLibre by 140.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 38,582 shares of the company's stock worth $48,917,000 after buying an additional 22,554 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. StockNews.com downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. Barclays boosted their price objective on shares of MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an "overweight" rating in a report on Monday. Susquehanna upped their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a "positive" rating in a research report on Friday, February 23rd. Finally, Wedbush reiterated an "outperform" rating and set a $1,800.00 price target on shares of MercadoLibre in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,820.38.

MercadoLibre Price Performance

MELI stock traded up $6.57 during trading on Tuesday, hitting $1,683.91. The stock had a trading volume of 323,018 shares, compared to its average volume of 403,151. The stock has a market cap of $85.37 billion, a price-to-earnings ratio of 75.34, a price-to-earnings-growth ratio of 1.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. The company's 50 day moving average price is $1,510.51 and its two-hundred day moving average price is $1,563.34. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.64 by $0.14. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The company's quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.97 earnings per share. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 33.96 EPS for the current fiscal year.

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.

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