MercadoLibre, Inc. (NASDAQ:MELI) Holdings Raised by Argentarii LLC

Argentarii LLC increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 138.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303 shares of the company’s stock after purchasing an additional 176 shares during the quarter. Argentarii LLC’s holdings in MercadoLibre were worth $591,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Capital Research Global Investors lifted its stake in shares of MercadoLibre by 8.0% in the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company’s stock worth $4,108,079,000 after acquiring an additional 179,807 shares during the period. Capital International Investors raised its holdings in MercadoLibre by 38.7% during the fourth 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. Capital World Investors lifted its position in MercadoLibre by 24.5% in the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after purchasing an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD lifted its position in MercadoLibre by 41.0% in 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 purchasing an additional 405,425 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in 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 purchasing an additional 2,048 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Benchmark downgraded MercadoLibre from a “buy” rating to a “cautious” rating in a research note on Thursday, May 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $2,800.00 target price (up from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. Barclays upped their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an “overweight” rating for the company in a research report on Wednesday, June 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of MercadoLibre in a report on Thursday, May 1st. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,645.94.

MercadoLibre Stock Performance

Shares of MELI opened at $2,507.03 on Friday. The company has a 50-day moving average of $2,469.05 and a two-hundred day moving average of $2,135.88. The stock has a market cap of $127.11 billion, a price-to-earnings ratio of 61.66, a PEG ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a one year low of $1,579.78 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the firm earned $6.78 EPS. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. On average, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.