Cetera Investment Advisers Grows Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Cetera Investment Advisers grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,476 shares of the company's stock after buying an additional 213 shares during the quarter. Cetera Investment Advisers' holdings in MercadoLibre were worth $9,311,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. 1620 Investment Advisors Inc. boosted its holdings in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock worth $346,000 after acquiring an additional 5 shares during the period. Texas Yale Capital Corp. lifted its holdings in MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after purchasing an additional 5 shares during the last quarter. Meiji Yasuda Life Insurance Co boosted its stake in MercadoLibre by 0.5% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after purchasing an additional 5 shares during the period. Nvwm LLC grew its holdings in MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after buying an additional 6 shares in the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of MercadoLibre by 10.9% during the fourth quarter. Ancora Advisors LLC now owns 61 shares of the company's stock worth $104,000 after buying an additional 6 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Trading Up 0.9%

MELI stock traded up $22.49 during midday trading on Thursday, hitting $2,586.49. The stock had a trading volume of 403,171 shares, compared to its average volume of 382,426. 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 $131.13 billion, a P/E ratio of 68.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The business has a fifty day moving average price of $2,110.31 and a two-hundred day moving average price of $1,992.37. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,615.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.78 EPS. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price target for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Susquehanna lifted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. Finally, Barclays increased their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and an average price target of $2,521.33.

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.