MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,204 shares of the company's stock after purchasing an additional 622 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in MercadoLibre were worth $5,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of MercadoLibre by 135.4% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,890 shares of the company's stock valued at $21,919,000 after buying an additional 7,414 shares during the period. Old Well Partners LLC boosted its stake in MercadoLibre by 5.5% in the fourth quarter. Old Well Partners LLC now owns 3,848 shares of the company's stock worth $6,543,000 after buying an additional 200 shares in the last quarter. MayTech Global Investments LLC boosted its stake in shares of MercadoLibre by 4.8% during the fourth quarter. MayTech Global Investments LLC now owns 24,086 shares of the company's stock valued at $40,956,000 after purchasing an additional 1,109 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of MercadoLibre by 68.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 132,767 shares of the company's stock valued at $225,765,000 after purchasing an additional 53,858 shares during the period. Finally, Mmbg Investment Advisors CO. lifted its stake in MercadoLibre by 67.5% in the fourth quarter. Mmbg Investment Advisors CO. now owns 2,168 shares of the company's stock worth $3,687,000 after acquiring an additional 874 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

NASDAQ MELI traded down $1.57 during trading hours on Friday, reaching $2,584.92. The stock had a trading volume of 279,704 shares, compared to its average volume of 382,706. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,610.30. The stock has a fifty day moving average of $2,135.04 and a 200 day moving average of $1,999.88. The stock has a market cap of $131.05 billion, a P/E ratio of 68.57, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping 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 business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the firm posted $6.78 EPS. The business's quarterly revenue was up 37.0% compared to the same quarter last year. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of research analyst reports. Barclays raised their price target 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. Susquehanna lifted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Cantor Fitzgerald dropped their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group lifted their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $2,521.33.

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.