MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Capital World Investors

Capital World Investors increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 13.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 750,720 shares of the company’s stock after purchasing an additional 88,359 shares during the quarter. Capital World Investors owned 1.48% of MercadoLibre worth $1,179,787,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital International Sarl raised its position in MercadoLibre by 3.9% in the fourth quarter. Capital International Sarl now owns 15,927 shares of the company’s stock valued at $25,030,000 after purchasing an additional 598 shares during the period. Capital International Investors grew its holdings in shares of MercadoLibre by 0.4% in the fourth quarter. Capital International Investors now owns 1,037,070 shares of the company’s stock valued at $1,630,740,000 after purchasing an additional 4,317 shares in the last quarter. Sharp Capital Gestora de Recursos Ltda. increased its position in shares of MercadoLibre by 23.1% during the fourth quarter. Sharp Capital Gestora de Recursos Ltda. now owns 25,995 shares of the company’s stock worth $40,852,000 after acquiring an additional 4,877 shares during the period. Blueshift Asset Management LLC purchased a new stake in MercadoLibre during the 4th quarter worth about $550,000. Finally, Gardner Lewis Asset Management L P raised its holdings in MercadoLibre by 2.0% in the fourth quarter. Gardner Lewis Asset Management L P now owns 655 shares of the company’s stock valued at $1,029,000 after acquiring an additional 13 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MELI shares. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Barclays raised their price target on shares of MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. UBS Group lowered their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Citigroup decreased their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Susquehanna lifted their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,881.92.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded down $25.75 on Wednesday, reaching $1,604.90. 434,247 shares of the company were exchanged, compared to its average volume of 393,295. The firm has a market cap of $81.37 billion, a price-to-earnings ratio of 72.96, a P/E/G ratio of 1.24 and a beta of 1.60. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. The company’s 50-day moving average is $1,568.05 and its two-hundred day moving average is $1,603.93.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.64 by $0.14. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The company’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.97 earnings per share. As a group, research analysts expect that MercadoLibre, Inc. will post 33.81 earnings per share for the current fiscal 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.