Two Sigma Securities LLC Has $1.09 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Two Sigma Securities LLC decreased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 88.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 643 shares of the company's stock after selling 5,132 shares during the quarter. Two Sigma Securities LLC's holdings in MercadoLibre were worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Capital International Investors increased its holdings in MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after purchasing an additional 470,829 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after acquiring an additional 405,425 shares in the last quarter. Wealthfront Advisers LLC bought a new position in MercadoLibre in the 4th quarter worth about $565,306,000. Capital World Investors grew its stake in 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 acquiring an additional 308,973 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of MercadoLibre in the 4th quarter valued at about $383,051,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 1.0 %

Shares of MercadoLibre stock traded up $21.04 during trading on Friday, hitting $2,225.85. The stock had a trading volume of 284,084 shares, compared to its average volume of 385,686. The stock has a 50 day simple moving average of $2,050.36 and a 200 day simple moving average of $1,965.16. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 1 year low of $1,419.86 and a 1 year high of $2,374.54. The company has a market capitalization of $112.84 billion, a PE ratio of 59.04, a P/E/G 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 earnings per share (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 firm had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MELI shares. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Barclays increased their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Susquehanna lifted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Morgan Stanley reduced their target price on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Finally, Benchmark began coverage on shares of MercadoLibre in a research report on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 target price for the company. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average 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.