Ardsley Advisory Partners LP Purchases New Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Ardsley Advisory Partners LP bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,600 shares of the company's stock, valued at approximately $2,721,000.

Several other hedge funds have also recently modified their holdings of MELI. Human Investing LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its holdings in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 11 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd acquired a new stake in shares of MercadoLibre during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MELI shares. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Bank of America boosted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Susquehanna raised their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Citigroup restated a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $2,464.67.

MercadoLibre Stock Up 1.5 %

Shares of NASDAQ:MELI traded up $33.51 during trading hours on Wednesday, reaching $2,262.51. The stock had a trading volume of 621,636 shares, compared to its average volume of 379,465. The stock has a market capitalization of $114.70 billion, a price-to-earnings ratio of 60.01, a P/E/G ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 1 year low of $1,550.00 and a 1 year high of $2,494.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm's 50 day moving average is $2,064.47 and its 200-day moving average is $1,975.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

About MercadoLibre

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.