MercadoLibre, Inc. (NASDAQ:MELI) is Bellecapital International Ltd.’s 8th Largest Position

Bellecapital International Ltd. grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,252 shares of the company’s stock after purchasing an additional 236 shares during the quarter. MercadoLibre makes up about 3.3% of Bellecapital International Ltd.’s portfolio, making the stock its 8th biggest holding. Bellecapital International Ltd.’s holdings in MercadoLibre were worth $14,540,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. increased its holdings in MercadoLibre by 500.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 24 shares of the company’s stock worth $30,000 after acquiring an additional 20 shares in the last quarter. Proffitt & Goodson Inc. acquired a new stake in MercadoLibre during the 3rd quarter worth $32,000. Blue Trust Inc. boosted its stake in MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after purchasing an additional 9 shares during the last quarter. Castleview Partners LLC boosted its stake in MercadoLibre by 58.8% during the 2nd quarter. Castleview Partners LLC now owns 27 shares of the company’s stock worth $32,000 after purchasing an additional 10 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in MercadoLibre during the 3rd quarter worth $36,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Susquehanna lifted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Barclays boosted their price target on shares of MercadoLibre from $1,900.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Citigroup reduced their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Wedbush restated an “outperform” rating and issued a $2,000.00 price objective on shares of MercadoLibre in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,821.54.

Read Our Latest Analysis on MELI

MercadoLibre Stock Down 0.7 %

MELI stock opened at $1,511.96 on Monday. The company’s 50 day moving average price is $1,646.75 and its 200 day moving average price is $1,509.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The firm has a market capitalization of $76.66 billion, a price-to-earnings ratio of 77.38, a PEG ratio of 0.99 and a beta of 1.44. MercadoLibre, Inc. has a fifty-two week low of $1,063.02 and a fifty-two week high of $1,825.00.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the company posted $3.25 earnings per share. MercadoLibre’s revenue was up 42.0% compared to the same quarter last year. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 36.06 EPS for the current fiscal year.

MercadoLibre Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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