MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Capital International Investors

Capital International Investors increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,687,114 shares of the company's stock after purchasing an additional 470,829 shares during the period. Capital International Investors owned approximately 3.33% of MercadoLibre worth $2,868,869,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MELI. Principal Financial Group Inc. boosted its stake in MercadoLibre by 20.9% during the third 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 period. Nordea Investment Management AB boosted its stake in shares of MercadoLibre by 37.8% during the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock worth $271,897,000 after purchasing an additional 43,215 shares during the period. Oppenheimer & Co. Inc. grew its holdings in MercadoLibre by 11.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after purchasing an additional 143 shares during the last quarter. Assenagon Asset Management S.A. raised its position in MercadoLibre by 12.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 101,511 shares of the company's stock worth $172,613,000 after purchasing an additional 11,166 shares during the period. Finally, Ninety One North America Inc. purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $4,923,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.9 %

Shares of NASDAQ:MELI traded up $19.22 during trading on Wednesday, reaching $2,147.55. The stock had a trading volume of 175,797 shares, compared to its average volume of 384,822. The firm's 50-day simple moving average is $2,045.33 and its 200 day simple moving average is $1,961.90. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a one year low of $1,341.00 and a one year high of $2,374.54. The company has a market capitalization of $108.87 billion, a P/E ratio of 56.96, a PEG ratio of 1.12 and a beta of 1.62.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MELI shares. Barclays increased their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Benchmark initiated coverage on shares of MercadoLibre in a report on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 price objective for the company. Finally, Cantor Fitzgerald dropped their target price 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. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has a consensus rating of "Buy" and an average price target of $2,415.94.

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.