Compagnie Lombard Odier SCmA Raises Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Compagnie Lombard Odier SCmA lifted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 423.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,148 shares of the company’s stock after purchasing an additional 1,738 shares during the period. Compagnie Lombard Odier SCmA’s holdings in MercadoLibre were worth $4,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Human Investing LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new stake in MercadoLibre in the fourth quarter worth $26,000. Covestor Ltd bought a new position in MercadoLibre in the fourth quarter worth $27,000. Heck Capital Advisors LLC purchased a new position in MercadoLibre during the fourth quarter valued at $32,000. Finally, Stonebridge Financial Group LLC purchased a new position in MercadoLibre during the fourth quarter valued at $37,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MELI. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a research note on Monday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Bank of America boosted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Morgan Stanley reissued an “overweight” rating on shares of MercadoLibre in a report on Thursday, May 1st. Finally, Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an “overweight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,632.50.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,387.00 on Thursday. The firm has a market cap of $121.01 billion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,635.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm has a fifty day moving average price of $2,318.55 and a 200 day moving average price of $2,070.71.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the previous year, the firm posted $6.78 earnings per share. The business’s revenue was up 37.0% compared to the same quarter last year. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.