MercadoLibre, Inc. (NASDAQ:MELI) is Squadra Investments Gestao DE Recursos LTDA.'s 3rd Largest Position

Squadra Investments Gestao DE Recursos LTDA. reduced its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 76.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,101 shares of the company's stock after selling 20,117 shares during the period. MercadoLibre comprises approximately 4.9% of Squadra Investments Gestao DE Recursos LTDA.'s holdings, making the stock its 3rd largest holding. Squadra Investments Gestao DE Recursos LTDA.'s holdings in MercadoLibre were worth $10,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rafferty Asset Management LLC raised its position in shares of MercadoLibre by 33.9% during the 4th quarter. Rafferty Asset Management LLC now owns 7,471 shares of the company's stock valued at $12,704,000 after acquiring an additional 1,892 shares in the last quarter. Raiffeisen Bank International AG bought a new position in MercadoLibre during the 4th quarter worth $4,406,000. Ribbit Management Company LLC grew its stake in MercadoLibre by 130.4% during the 4th quarter. Ribbit Management Company LLC now owns 10,673 shares of the company's stock worth $18,149,000 after buying an additional 6,040 shares during the last quarter. ProShare Advisors LLC grew its stake in MercadoLibre by 20.6% during the 4th quarter. ProShare Advisors LLC now owns 59,162 shares of the company's stock worth $100,601,000 after buying an additional 10,119 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in MercadoLibre by 0.9% during the 4th quarter. Quantinno Capital Management LP now owns 3,685 shares of the company's stock worth $6,266,000 after buying an additional 33 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MELI has been the subject of a number of recent research reports. The Goldman Sachs Group upped their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Bank of America upped their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $2,521.33.

MercadoLibre Price Performance

MELI stock traded down $1.57 during trading hours on Friday, hitting $2,584.92. 279,704 shares of the stock traded hands, compared to its average volume of 383,139. The stock has a 50-day simple moving average of $2,135.04 and a 200 day simple moving average of $1,999.47. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,610.30. The company has a market cap of $131.05 billion, a P/E ratio of 68.57, a P/E/G ratio of 1.12 and a beta of 1.61. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share 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 business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter last year, the business posted $6.78 earnings per share. The company's quarterly revenue was up 37.0% on a year-over-year basis. Equities analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.