Crosslink Capital Inc. boosted its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,420 shares of the company’s stock after purchasing an additional 2,450 shares during the period. Mercadolibre comprises approximately 8.6% of Crosslink Capital Inc.’s holdings, making the stock its 3rd largest holding. Crosslink Capital Inc. owned about 0.12% of Mercadolibre worth $37,575,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CENTRAL TRUST Co lifted its position in Mercadolibre by 62.5% in the 2nd quarter. CENTRAL TRUST Co now owns 52 shares of the company’s stock valued at $33,000 after acquiring an additional 20 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Mercadolibre by 2.6% during the 2nd quarter. Perigon Wealth Management LLC now owns 794 shares of the company’s stock valued at $486,000 after buying an additional 20 shares during the last quarter. Stephens Inc. AR raised its stake in Mercadolibre by 1.0% during the 1st quarter. Stephens Inc. AR now owns 2,228 shares of the company’s stock valued at $1,131,000 after buying an additional 21 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in Mercadolibre by 2.5% during the 1st quarter. First Allied Advisory Services Inc. now owns 982 shares of the company’s stock valued at $512,000 after buying an additional 24 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Mercadolibre by 13.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 202 shares of the company’s stock valued at $103,000 after buying an additional 24 shares during the last quarter. Institutional investors own 83.69% of the company’s stock.

Shares of NASDAQ:MELI traded down $4.93 during midday trading on Friday, hitting $566.80. The company had a trading volume of 32,198 shares, compared to its average volume of 405,935. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.54 and a quick ratio of 2.53. The company has a market cap of $27.30 billion, a price-to-earnings ratio of -691.22 and a beta of 1.71. Mercadolibre Inc has a 12-month low of $257.52 and a 12-month high of $698.98. The company has a fifty day moving average of $615.85 and a two-hundred day moving average of $564.68.

Mercadolibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. The firm had revenue of $545.24 million during the quarter, compared to analyst estimates of $507.68 million. Mercadolibre had a return on equity of 1.24% and a net margin of 0.87%. Mercadolibre’s revenue was up 62.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.25) EPS. Research analysts expect that Mercadolibre Inc will post 0.58 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Cowen set a $651.00 target price on shares of Mercadolibre and gave the company a “hold” rating in a research note on Monday, August 12th. HSBC upgraded shares of Mercadolibre from a “hold” rating to a “buy” rating and boosted their target price for the company from $575.00 to $800.00 in a research note on Monday. Goldman Sachs Group set a $713.00 target price on shares of Mercadolibre and gave the company a “buy” rating in a research note on Tuesday. Credit Suisse Group boosted their target price on shares of Mercadolibre from $640.00 to $710.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. They noted that the move was a valuation call. Finally, Citigroup upgraded shares of Mercadolibre from a “neutral” rating to a “buy” rating and boosted their target price for the company from $609.00 to $729.00 in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Mercadolibre currently has a consensus rating of “Buy” and an average target price of $665.69.

Mercadolibre Profile

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

Featured Article: Marijuana Stocks

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercadolibre Inc (NASDAQ:MELI).

Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

Receive News & Ratings for Mercadolibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercadolibre and related companies with MarketBeat.com's FREE daily email newsletter.