Vega Investment Solutions Makes New Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Vega Investment Solutions bought a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 495 shares of the company's stock, valued at approximately $842,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in MercadoLibre by 26.8% during the fourth quarter. UMB Bank n.a. now owns 289 shares of the company's stock worth $491,000 after acquiring an additional 61 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of MercadoLibre by 33.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 56 shares of the company's stock valued at $95,000 after purchasing an additional 14 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of MercadoLibre by 11.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 861 shares of the company's stock valued at $1,464,000 after purchasing an additional 85 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of MercadoLibre by 5.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,327 shares of the company's stock worth $10,759,000 after purchasing an additional 338 shares during the period. Finally, Traynor Capital Management Inc. boosted its holdings in shares of MercadoLibre by 26.5% in the 4th quarter. Traynor Capital Management Inc. now owns 1,103 shares of the company's stock worth $1,876,000 after buying an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on MELI shares. Susquehanna raised their price objective on shares of 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 shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Citigroup restated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Finally, Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus price target of $2,572.86.

MercadoLibre Price Performance

MELI stock traded down $1.78 during mid-day trading on Wednesday, reaching $2,553.39. 81,683 shares of the company traded hands, compared to its average volume of 381,920. The company has a fifty day moving average price of $2,208.60 and a 200-day moving average price of $2,027.00. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88. The company has a market capitalization of $129.45 billion, a P/E ratio of 67.89, a P/E/G ratio of 1.12 and a beta of 1.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. MercadoLibre's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.78 earnings per share. As a group, analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Company 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.