129 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by NorthStar Asset Management LLC NJ

NorthStar Asset Management LLC NJ bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 129 shares of the company's stock, valued at approximately $252,000.

A number of other large investors have also recently modified their holdings of MELI. Bank Pictet & Cie Europe AG bought a new position in shares of MercadoLibre during the fourth quarter valued at approximately $561,000. TD Private Client Wealth LLC increased its position in MercadoLibre by 32.0% during the 4th quarter. TD Private Client Wealth LLC now owns 66 shares of the company's stock valued at $112,000 after buying an additional 16 shares in the last quarter. LPL Financial LLC raised its stake in MercadoLibre by 13.4% during the fourth quarter. LPL Financial LLC now owns 39,490 shares of the company's stock valued at $67,150,000 after buying an additional 4,678 shares during the last quarter. Vanguard Group Inc. boosted its holdings in MercadoLibre by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 205,628 shares of the company's stock worth $349,658,000 after acquiring an additional 2,900 shares in the last quarter. Finally, TIAA Trust National Association boosted its holdings in MercadoLibre by 3,394.3% in the fourth quarter. TIAA Trust National Association now owns 8,037 shares of the company's stock worth $13,666,000 after acquiring an additional 7,807 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MELI shares. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a report on Wednesday, June 11th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Susquehanna restated a "positive" rating and issued a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,639.69.

MercadoLibre Trading Down 0.1%

NASDAQ MELI traded down $3.38 on Thursday, reaching $2,391.05. 159,372 shares of the company were exchanged, compared to its average volume of 292,780. The business's fifty day moving average price is $2,480.35 and its 200 day moving average price is $2,198.06. The stock has a market capitalization of $121.23 billion, a P/E ratio of 58.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.49. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. MercadoLibre, Inc. has a fifty-two week low of $1,579.78 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The company had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter in the prior year, the company posted $6.78 earnings per share. MercadoLibre's revenue for the quarter was up 37.0% compared to the same quarter last year. Analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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.