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

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

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors increased its position in MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of MercadoLibre by 41.0% in the 4th 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 during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth about $565,306,000. Capital World Investors grew its holdings in MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the last quarter. Finally, Norges Bank purchased a new stake in MercadoLibre in the 4th quarter worth about $383,051,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup restated a “buy” rating on shares of MercadoLibre in a research report on Friday, June 6th. Wall Street Zen downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price target 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. Barclays lifted their price objective 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. Finally, Jefferies Financial Group restated a “hold” rating and issued a $2,800.00 target price (up from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,632.50.

MercadoLibre Stock Down 0.4%

Shares of NASDAQ MELI opened at $2,387.00 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $121.01 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The stock’s fifty day simple moving average is $2,318.55 and its two-hundred day simple moving average is $2,070.71. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the business posted $6.78 EPS. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 EPS 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.