MercadoLibre, Inc. (NASDAQ:MELI) is Moneda S.A. Administradora General de Fondos' Largest Position

Moneda S.A. Administradora General de Fondos increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,989 shares of the company's stock after purchasing an additional 1,121 shares during the quarter. MercadoLibre comprises about 22.9% of Moneda S.A. Administradora General de Fondos' portfolio, making the stock its biggest position. Moneda S.A. Administradora General de Fondos' holdings in MercadoLibre were worth $22,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Alta Capital Management LLC raised its position in shares of MercadoLibre by 5,670.5% in the 4th quarter. Alta Capital Management LLC now owns 7,444 shares of the company's stock valued at $12,658,000 after acquiring an additional 7,315 shares during the period. Steward Partners Investment Advisory LLC grew its stake in MercadoLibre by 38.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 33,832 shares of the company's stock valued at $57,529,000 after purchasing an additional 9,329 shares in the last quarter. LGT Fund Management Co Ltd. raised its position in MercadoLibre by 200.0% during the fourth quarter. LGT Fund Management Co Ltd. now owns 360 shares of the company's stock worth $612,000 after acquiring an additional 240 shares in the last quarter. LGT Group Foundation acquired a new position in MercadoLibre during the fourth quarter worth approximately $1,784,000. Finally, DJE Kapital AG acquired a new stake in MercadoLibre during the 4th quarter valued at $7,368,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of research reports. Morgan Stanley decreased their price objective on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research note on Monday. Finally, Citigroup decreased their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Buy" and an average target price of $2,402.81.

MercadoLibre Stock Down 0.7 %

Shares of NASDAQ MELI traded down $14.00 during trading on Thursday, hitting $2,098.77. The stock had a trading volume of 98,703 shares, compared to its average volume of 375,353. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month 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 fifty day moving average of $1,930.48 and a two-hundred day moving average of $1,969.77. The company has a market capitalization of $106.40 billion, a PE ratio of 55.67, a PEG ratio of 1.12 and a beta of 1.62.

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