Zevenbergen Capital Investments LLC Has $222.10 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Zevenbergen Capital Investments LLC lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,329 shares of the company's stock after selling 7,648 shares during the period. MercadoLibre makes up 5.1% of Zevenbergen Capital Investments LLC's investment portfolio, making the stock its 4th largest position. Zevenbergen Capital Investments LLC owned 0.28% of MercadoLibre worth $222,104,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Trillium Asset Management LLC lifted its stake in shares of MercadoLibre by 22.8% in the 4th quarter. Trillium Asset Management LLC now owns 328 shares of the company's stock valued at $515,000 after purchasing an additional 61 shares during the last quarter. First Heartland Consultants Inc. lifted its stake in MercadoLibre by 3.1% during the 4th quarter. First Heartland Consultants Inc. now owns 664 shares of the company's stock worth $1,044,000 after acquiring an additional 20 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in MercadoLibre during the 4th quarter worth about $231,000. Integrity Wealth Solutions LLC acquired a new position in MercadoLibre during the 4th quarter worth about $621,000. Finally, Oxbow Advisors LLC lifted its stake in MercadoLibre by 65.5% during the 4th quarter. Oxbow Advisors LLC now owns 490 shares of the company's stock worth $770,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the topic of several research reports. StockNews.com lowered MercadoLibre from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Citigroup decreased their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. Wedbush reissued an "outperform" rating and set a $1,800.00 target price on shares of MercadoLibre in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Finally, DZ Bank upgraded MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 price target on the stock in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,820.38.

MercadoLibre Stock Up 0.6 %

Shares of MELI traded up $10.02 during mid-day trading on Friday, reaching $1,749.17. The company's stock had a trading volume of 274,859 shares, compared to its average volume of 451,344. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The stock has a market cap of $88.68 billion, a PE ratio of 78.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. The company's 50 day moving average is $1,526.42 and its 200 day moving average is $1,574.95.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 39.46% and a net margin of 7.17%. The business's revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.97 EPS. Equities analysts anticipate that MercadoLibre, Inc. will post 33.96 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.