MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,731 shares of the company’s stock after acquiring an additional 71 shares during the period. Advisory Services Network LLC’s holdings in MercadoLibre were worth $5,641,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MELI. WCM Investment Management LLC raised its holdings in shares of MercadoLibre by 74.8% during the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after purchasing an additional 497,535 shares during the period. Norges Bank bought a new position in shares of MercadoLibre during the fourth quarter worth about $554,386,000. International Assets Investment Management LLC grew its position in shares of MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after acquiring an additional 146,034 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of MercadoLibre by 1,432.2% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,355 shares of the company’s stock worth $200,140,000 after acquiring an additional 119,043 shares during the last quarter. Finally, Capital World Investors grew its position in shares of MercadoLibre by 13.3% during the fourth quarter. Capital World Investors now owns 750,720 shares of the company’s stock worth $1,179,787,000 after acquiring an additional 88,359 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

NASDAQ MELI traded up $18.91 on Friday, reaching $1,727.56. The company’s stock had a trading volume of 34,957 shares, compared to its average volume of 369,758. MercadoLibre, Inc. has a twelve month low of $1,126.84 and a twelve month high of $1,825.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. The stock has a market cap of $87.59 billion, a PE ratio of 76.45, a PEG ratio of 1.24 and a beta of 1.60. The firm’s 50 day moving average is $1,658.58 and its two-hundred day moving average is $1,609.98.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the company earned $3.97 EPS. MercadoLibre’s revenue was up 36.0% on a year-over-year basis. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 33.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Wedbush restated an “outperform” rating and set a $1,800.00 price target on shares of MercadoLibre in a research report on Friday, May 3rd. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday, April 23rd. UBS Group decreased their target price on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and increased their target price for the company from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,922.08.

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.