Gilder Gagnon Howe & Co. LLC Purchases 5,670 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Gilder Gagnon Howe & Co. LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,525 shares of the company's stock after acquiring an additional 5,670 shares during the period. MercadoLibre accounts for 1.1% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 24th biggest position. Gilder Gagnon Howe & Co. LLC owned about 0.12% of MercadoLibre worth $101,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Human Investing LLC bought a new position in MercadoLibre in the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. boosted its position in shares of MercadoLibre by 220.0% in the fourth 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 during the period. Brown Lisle Cummings Inc. increased its holdings in shares of MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 8 shares during the period. Covestor Ltd acquired a new position in MercadoLibre in the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $32,000. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MELI. Barclays lifted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. increased their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Wedbush lowered their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research note on Monday, January 6th. Finally, Benchmark started coverage on shares of MercadoLibre in a research note on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 price target for the company. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $2,464.67.

MercadoLibre Stock Down 0.6 %

MercadoLibre stock traded down $13.93 during midday trading on Thursday, reaching $2,316.93. The stock had a trading volume of 164,320 shares, compared to its average volume of 384,576. 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 12 month low of $1,427.95 and a 12 month high of $2,374.54. The company has a fifty day moving average price of $2,057.84 and a two-hundred day moving average price of $1,970.67. The company has a market capitalization of $117.46 billion, a P/E ratio of 61.36, a PEG ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its 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 company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. As a group, equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.