MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by ORG Partners LLC

ORG Partners LLC grew its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 48.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52 shares of the company’s stock after purchasing an additional 17 shares during the quarter. ORG Partners LLC’s holdings in MercadoLibre were worth $100,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MELI. Capital International Investors grew its position in shares of MercadoLibre by 38.7% in the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after purchasing an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $2,370,848,000 after buying an additional 405,425 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of MercadoLibre in the fourth quarter worth about $565,306,000. Capital World Investors lifted its stake in shares of MercadoLibre by 24.5% in the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after buying an additional 308,973 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of MercadoLibre in the fourth quarter worth 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 topic of several research reports. Wall Street Zen downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group raised their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research note on Monday, June 2nd. Barclays raised their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of MercadoLibre in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,632.50.

MercadoLibre Price Performance

MercadoLibre stock opened at $2,403.81 on Friday. The company’s 50 day simple moving average is $2,387.65 and its 200-day simple moving average is $2,089.54. The company has a market capitalization of $121.87 billion, a price-to-earnings ratio of 59.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. MercadoLibre, Inc. has a 1 year low of $1,563.21 and a 1 year high of $2,635.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The business’s revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm earned $6.78 EPS. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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.