MercadoLibre, Inc. (NASDAQ:MELI) Position Increased by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 135.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,890 shares of the company's stock after purchasing an additional 7,414 shares during the period. MercadoLibre comprises 1.7% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's investment portfolio, making the stock its 7th biggest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in MercadoLibre were worth $21,919,000 at the end of the most recent reporting period.

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

MercadoLibre Trading Down 0.1%

Shares of MELI traded down $1.57 during trading hours on Friday, reaching $2,584.92. 279,704 shares of the company traded hands, compared to its average volume of 382,706. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock's fifty day moving average price is $2,123.15 and its 200 day moving average price is $1,996.02. The firm has a market cap of $131.05 billion, a price-to-earnings ratio of 68.57, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,612.49.

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

Analyst Ratings Changes

Several brokerages have weighed in on MELI. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and increased their price target for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Citigroup restated a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. The Goldman Sachs Group increased their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,521.33.

About MercadoLibre

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.