137 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Olympiad Research LP

Olympiad Research LP bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 137 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds have also made changes to their positions in MELI. Capital World Investors raised its stake in shares of MercadoLibre by 12.7% in the first quarter. Capital World Investors now owns 845,749 shares of the company’s stock worth $1,278,738,000 after acquiring an additional 95,029 shares during the last quarter. GQG Partners LLC raised its stake in shares of MercadoLibre by 442.2% in the first quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock worth $1,201,679,000 after acquiring an additional 648,198 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock worth $1,167,073,000 after acquiring an additional 232,787 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of MercadoLibre by 55.8% in the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock worth $557,225,000 after acquiring an additional 132,028 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of MercadoLibre by 3.6% in the second quarter. Legal & General Group Plc now owns 323,570 shares of the company’s stock worth $531,755,000 after acquiring an additional 11,265 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Down 16.2 %

Shares of NASDAQ MELI opened at $1,774.05 on Friday. The stock has a market cap of $89.94 billion, a P/E ratio of 64.11, a P/E/G ratio of 1.26 and a beta of 1.61. The firm has a 50 day moving average price of $2,055.08 and a 200 day moving average price of $1,819.36. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $7.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.27 by ($3.44). The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.25 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. Analysts expect that MercadoLibre, Inc. will post 37.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MELI shares. Barclays boosted their target price on shares of MercadoLibre from $2,100.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating for the company in a research note on Thursday. BTIG Research dropped their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday. Dbs Bank upgraded shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,309.67.

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.