MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Capital International Sarl

Capital International Sarl boosted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 17.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,340 shares of the company's stock after purchasing an additional 4,122 shares during the period. MercadoLibre comprises 1.1% of Capital International Sarl's investment portfolio, making the stock its 23rd biggest position. Capital International Sarl owned approximately 0.05% of MercadoLibre worth $46,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in MercadoLibre during the 3rd quarter valued at about $12,784,000. Anchor Investment Management LLC increased its stake in shares of MercadoLibre by 19.1% during the 3rd quarter. Anchor Investment Management LLC now owns 629 shares of the company's stock worth $1,291,000 after purchasing an additional 101 shares in the last quarter. World Investment Advisors LLC raised its position in shares of MercadoLibre by 35.7% during the 3rd quarter. World Investment Advisors LLC now owns 475 shares of the company's stock worth $975,000 after purchasing an additional 125 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in MercadoLibre in the 3rd quarter valued at approximately $977,000. Finally, Tidal Investments LLC grew its holdings in MercadoLibre by 59.7% during the 3rd quarter. Tidal Investments LLC now owns 15,829 shares of the company's stock valued at $32,480,000 after buying an additional 5,918 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Bank of America upped their target price 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. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target for the company in a report on Tuesday, January 21st. Benchmark began coverage on shares of MercadoLibre in a research note on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $2,415.94.

MercadoLibre Trading Up 0.9 %

NASDAQ MELI traded up $18.10 during mid-day trading on Wednesday, hitting $2,146.43. The company's stock had a trading volume of 167,311 shares, compared to its average volume of 384,768. The stock's fifty day simple moving average is $2,045.33 and its two-hundred day simple moving average is $1,961.90. MercadoLibre, Inc. has a 52-week low of $1,341.00 and a 52-week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The firm has a market capitalization of $108.82 billion, a P/E ratio of 56.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS 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.