MercadoLibre, Inc. (NASDAQ:MELI) Stock Holdings Lessened by Voya Investment Management LLC

Voya Investment Management LLC reduced its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 96.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760 shares of the company's stock after selling 19,563 shares during the period. Voya Investment Management LLC's holdings in MercadoLibre were worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MELI. Integrated Wealth Concepts LLC increased its holdings in MercadoLibre by 4.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 755 shares of the company's stock valued at $1,284,000 after acquiring an additional 34 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of MercadoLibre by 857.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 14,110 shares of the company's stock worth $24,234,000 after purchasing an additional 12,636 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $77,200,000. Kerrisdale Advisers LLC lifted its stake in MercadoLibre by 119.0% in the 4th quarter. Kerrisdale Advisers LLC now owns 7,427 shares of the company's stock valued at $12,629,000 after buying an additional 4,036 shares in the last quarter. Finally, White Oak Capital Partners Pte. Ltd. acquired a new stake in MercadoLibre during the 4th quarter valued at $906,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MELI. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Barclays lifted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $2,504.67.

MercadoLibre Stock Up 1.8 %

Shares of NASDAQ MELI traded up $42.53 during trading on Friday, reaching $2,452.53. 382,692 shares of the stock were exchanged, compared to its average volume of 381,003. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,501.00. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $124.34 billion, a price-to-earnings ratio of 65.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The business's 50-day moving average price is $2,074.13 and its 200 day moving average price is $1,979.77.

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

MercadoLibre Company 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.