Mirabella Financial Services LLP Boosts Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Mirabella Financial Services LLP increased its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,598 shares of the company's stock after buying an additional 1,439 shares during the period. Mirabella Financial Services LLP's holdings in MercadoLibre were worth $6,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of MercadoLibre by 8.0% during the fourth quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock valued at $4,108,079,000 after purchasing an additional 179,807 shares in the last quarter. Capital International Investors increased its holdings in MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after buying an additional 470,829 shares in the last quarter. Capital World Investors raised its holdings in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of MercadoLibre by 0.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after buying an additional 2,048 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in MercadoLibre by 9.4% in the fourth quarter. Schroder Investment Management Group now owns 443,156 shares of the company's stock valued at $753,560,000 after acquiring an additional 38,261 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.5 %

NASDAQ MELI traded up $11.59 during midday trading on Wednesday, hitting $2,139.92. 330,766 shares of the company traded hands, compared to its average volume of 385,265. MercadoLibre, Inc. has a 52 week low of $1,341.00 and a 52 week high of $2,374.54. The company'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 market cap of $108.49 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. 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 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, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MELI shares. Barclays boosted their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research 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 target price for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group raised their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. Finally, Benchmark started coverage on MercadoLibre in a research report on Tuesday, April 15th. They issued a "buy" rating and a $2,500.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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.