MercadoLibre, Inc. (NASDAQ:MELI) is Parametrica Management Ltd’s 6th Largest Position

Parametrica Management Ltd trimmed its position in MercadoLibre, Inc. (NASDAQ:MELI) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,597 shares of the company’s stock after selling 10 shares during the period. MercadoLibre comprises 5.6% of Parametrica Management Ltd’s portfolio, making the stock its 6th biggest holding. Parametrica Management Ltd’s holdings in MercadoLibre were worth $4,268,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MELI. Raymond James & Associates increased its stake in shares of MercadoLibre by 4.8% in the 2nd quarter. Raymond James & Associates now owns 34,840 shares of the company’s stock worth $57,256,000 after purchasing an additional 1,604 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of MercadoLibre by 20.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,642 shares of the company’s stock valued at $41,794,000 after acquiring an additional 4,658 shares during the period. Gulf International Bank UK Ltd lifted its holdings in MercadoLibre by 33.4% during the first quarter. Gulf International Bank UK Ltd now owns 4,960 shares of the company’s stock valued at $7,499,000 after purchasing an additional 1,241 shares in the last quarter. Sarasin & Partners LLP lifted its stake in shares of MercadoLibre by 168.5% during the 2nd quarter. Sarasin & Partners LLP now owns 45,407 shares of the company’s stock valued at $74,622,000 after buying an additional 28,494 shares in the last quarter. Finally, Caprock Group LLC increased its stake in MercadoLibre by 143.7% in the 2nd quarter. Caprock Group LLC now owns 580 shares of the company’s stock worth $955,000 after buying an additional 342 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $2,045.88 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. MercadoLibre, Inc. has a 12 month low of $1,141.04 and a 12 month high of $2,064.76. The company has a market capitalization of $103.72 billion, a price-to-earnings ratio of 91.54, a PEG ratio of 1.29 and a beta of 1.61. The firm’s 50-day moving average is $1,840.60 and its 200 day moving average is $1,665.91.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the prior year, the firm posted $5.16 earnings per share. The company’s quarterly revenue was up 41.5% on a year-over-year basis. Research analysts predict that MercadoLibre, Inc. will post 35.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on MELI shares. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Susquehanna upped their price target on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research note on Wednesday, August 28th. Citigroup increased their price objective on shares of MercadoLibre from $2,000.00 to $2,200.00 and gave the company a “buy” rating in a report on Thursday, August 15th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,150.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,141.25.

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.