Bamco Inc. NY Has $98.96 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Bamco Inc. NY raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,198 shares of the company's stock after acquiring an additional 5,745 shares during the period. Bamco Inc. NY owned approximately 0.11% of MercadoLibre worth $98,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Banque Transatlantique SA acquired a new position in shares of MercadoLibre in the 4th quarter valued at $41,000. Bearing Point Capital LLC bought a new stake in MercadoLibre in the fourth quarter valued at about $1,039,000. Ameriprise Financial Inc. raised its position in MercadoLibre by 4.2% in the fourth quarter. Ameriprise Financial Inc. now owns 301,940 shares of the company's stock worth $513,408,000 after purchasing an additional 12,104 shares in the last quarter. Ancora Advisors LLC lifted its stake in MercadoLibre by 10.9% during the fourth quarter. Ancora Advisors LLC now owns 61 shares of the company's stock worth $104,000 after purchasing an additional 6 shares during the period. Finally, Aptus Capital Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $284,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Down 0.6 %

MercadoLibre stock opened at $2,280.69 on Friday. The company has a fifty day simple moving average of $2,061.51 and a 200 day simple moving average of $1,973.35. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,374.54. The company has a market cap of $115.62 billion, a P/E ratio of 60.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays boosted their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a report on Thursday. Bank of America upped their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $2,464.67.

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.

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