Candriam Luxembourg S.C.A. lifted its stake in Mercadolibre Inc (NASDAQ:MELI) by 17.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,943 shares of the company’s stock after purchasing an additional 445 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Mercadolibre were worth $1,049,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Dumac Inc. raised its position in shares of Mercadolibre by 105.6% in the 4th quarter. Dumac Inc. now owns 370 shares of the company’s stock valued at $116,000 after purchasing an additional 190 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in shares of Mercadolibre in the 4th quarter valued at approximately $140,000. Elkfork Partners LLC purchased a new position in shares of Mercadolibre in the 4th quarter valued at approximately $185,000. Green Square Capital LLC purchased a new position in shares of Mercadolibre in the 4th quarter valued at approximately $200,000. Finally, Kovack Advisors Inc. purchased a new position in Mercadolibre during the 4th quarter worth approximately $202,000. 88.75% of the stock is owned by hedge funds and other institutional investors.

Mercadolibre opened at $290.83 on Friday, Marketbeat reports. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.25. The company has a market cap of $13.15 billion, a PE ratio of 114.95 and a beta of 2.08. Mercadolibre Inc has a 1-year low of $217.06 and a 1-year high of $417.91.

Mercadolibre (NASDAQ:MELI) last posted its earnings results on Wednesday, May 9th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.73). The firm had revenue of $320.98 million for the quarter, compared to analysts’ expectations of $416.15 million. Mercadolibre had a negative net margin of 3.30% and a positive return on equity of 13.98%. Mercadolibre’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. analysts expect that Mercadolibre Inc will post 0.58 earnings per share for the current fiscal year.

A number of research firms have issued reports on MELI. BidaskClub lowered shares of Mercadolibre from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 17th. Stifel Nicolaus reissued a “hold” rating and set a $360.00 price target (down from $405.00) on shares of Mercadolibre in a research report on Thursday, May 10th. Piper Jaffray Companies raised their price target on shares of Mercadolibre to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, May 10th. ValuEngine lowered shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $378.00 price target (up from $222.00) on shares of Mercadolibre in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $337.05.

In other news, Director Meyer Malka bought 1,708 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The stock was purchased at an average cost of $292.65 per share, with a total value of $499,846.20. Following the acquisition, the director now directly owns 1,708 shares in the company, valued at $499,846.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by insiders.

About Mercadolibre

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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