Bearing Point Capital LLC Makes New Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Bearing Point Capital LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 611 shares of the company's stock, valued at approximately $1,039,000.

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

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,280.69 on Friday. The stock has a market cap of $115.62 billion, a PE ratio of 60.50, a P/E/G ratio of 1.12 and a beta of 1.62. 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 has a 50-day moving average of $2,061.51 and a 200-day moving average of $1,973.35. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,374.54.

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. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Susquehanna upped their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and increased their price target for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Finally, Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus target price of $2,464.67.

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.

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