Waverly Advisors LLC Acquires 103 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Waverly Advisors LLC lifted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 79.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232 shares of the company's stock after purchasing an additional 103 shares during the period. Waverly Advisors LLC's holdings in MercadoLibre were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital International Investors raised its holdings in MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after purchasing an additional 405,425 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in MercadoLibre during the 4th quarter valued at approximately $565,306,000. Capital World Investors raised its stake in MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the period. Finally, Norges Bank purchased a new position in MercadoLibre in the 4th quarter worth approximately $383,051,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Trading Down 0.2%

Shares of NASDAQ MELI traded down $6.09 during midday trading on Thursday, hitting $2,544.62. The company's stock had a trading volume of 150,408 shares, compared to its average volume of 382,192. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a market cap of $129.00 billion, a P/E ratio of 67.46, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The business's 50 day moving average is $2,217.71 and its two-hundred day moving average is $2,030.61.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Barclays boosted their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Cantor Fitzgerald cut their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Susquehanna boosted their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Finally, Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. One equities 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2,572.86.

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.