Capital International Inc. CA Trims Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Capital International Inc. CA cut its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,154 shares of the company's stock after selling 3,759 shares during the quarter. MercadoLibre makes up about 1.1% of Capital International Inc. CA's holdings, making the stock its 20th biggest holding. Capital International Inc. CA owned 0.11% of MercadoLibre worth $92,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in MercadoLibre by 20.9% in the 3rd quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock worth $121,948,000 after buying an additional 10,272 shares during the last quarter. Nordea Investment Management AB grew its position in MercadoLibre by 37.8% during the fourth quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock valued at $271,897,000 after buying an additional 43,215 shares during the period. Oppenheimer & Co. Inc. increased its holdings in MercadoLibre by 11.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after buying an additional 143 shares during the last quarter. Assenagon Asset Management S.A. raised its position in MercadoLibre by 12.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 101,511 shares of the company's stock worth $172,613,000 after acquiring an additional 11,166 shares during the period. Finally, Ninety One North America Inc. purchased a new position in shares of MercadoLibre during the 4th quarter worth $4,923,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 2.3 %

MELI stock traded up $49.23 during mid-day trading on Thursday, reaching $2,189.15. The company had a trading volume of 233,829 shares, compared to its average volume of 384,719. MercadoLibre, Inc. has a 12 month low of $1,341.00 and a 12 month high of $2,374.54. The company has a market capitalization of $110.98 billion, a PE ratio of 58.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The firm has a 50 day moving average of $2,045.92 and a 200 day moving average of $1,963.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MELI shares. Barclays lifted their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Wedbush dropped their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Cantor Fitzgerald dropped their price objective 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, Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $2,464.67.

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.