MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Triumph Capital Management

Triumph Capital Management increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 47.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 421 shares of the company's stock after purchasing an additional 135 shares during the period. Triumph Capital Management's holdings in MercadoLibre were worth $716,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of MercadoLibre by 20.9% during the 3rd quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock worth $121,948,000 after buying an additional 10,272 shares during the last quarter. Nordea Investment Management AB increased its stake in MercadoLibre by 37.8% during the fourth quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock worth $271,897,000 after acquiring an additional 43,215 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in MercadoLibre by 11.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after purchasing an additional 143 shares during the period. Assenagon Asset Management S.A. raised its position in MercadoLibre by 12.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 101,511 shares of the company's stock valued at $172,613,000 after purchasing an additional 11,166 shares during the period. Finally, Ninety One North America Inc. acquired a new position in shares of MercadoLibre in the 4th quarter valued at $4,923,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,280.86 on Wednesday. The firm has a market capitalization of $115.63 billion, a PE ratio of 60.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The business's fifty day moving average price is $2,056.42 and its 200 day moving average price is $1,968.17. MercadoLibre, Inc. has a 12 month low of $1,427.95 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Susquehanna boosted their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Cantor Fitzgerald dropped their target price on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $2,464.67.

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.

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