Two Sigma Securities LLC Has $1.09 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Two Sigma Securities LLC decreased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 88.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 643 shares of the company's stock after selling 5,132 shares during the quarter. Two Sigma Securities LLC's holdings in MercadoLibre were worth $1,093,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Capital International Investors raised its position in shares of MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after buying an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD raised its position in MercadoLibre by 41.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after purchasing an additional 405,425 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of MercadoLibre during the fourth quarter valued at about $565,306,000. Capital World Investors grew its stake in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after acquiring an additional 308,973 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of MercadoLibre during the fourth quarter valued at about $383,051,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of research reports. Morgan Stanley decreased their price target on MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Benchmark initiated coverage on MercadoLibre in a research note on Tuesday, April 15th. They issued a "buy" rating and a $2,500.00 price target for the company. Bank of America lifted their price target 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. Cantor Fitzgerald decreased their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Wedbush decreased their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, MercadoLibre presently has a consensus rating of "Buy" and an average price target of $2,464.67.

MercadoLibre Stock Down 0.3 %

NASDAQ MELI traded down $7.70 during trading on Wednesday, reaching $2,273.16. 291,302 shares of the company's stock were exchanged, compared to its average volume of 384,862. MercadoLibre, Inc. has a fifty-two week low of $1,427.95 and a fifty-two week high of $2,374.54. The firm has a market capitalization of $115.24 billion, a PE ratio of 60.30, a P/E/G ratio of 1.12 and a beta of 1.62. 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 company's fifty day simple moving average is $2,056.42 and its 200-day simple moving average is $1,968.17.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS 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.