Untitled Investments LP Purchases 4,266 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Untitled Investments LP grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 32.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,481 shares of the company's stock after purchasing an additional 4,266 shares during the quarter. MercadoLibre comprises about 7.2% of Untitled Investments LP's investment portfolio, making the stock its 5th biggest position. Untitled Investments LP's holdings in MercadoLibre were worth $29,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. Human Investing LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. grew its stake in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the period. Brown Lisle Cummings Inc. grew its position in MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 8 shares during the period. Covestor Ltd bought a new position in MercadoLibre during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MELI. The Goldman Sachs Group lifted their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Barclays lifted their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Susquehanna boosted their price target 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. Finally, New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $2,464.67.

MercadoLibre Stock Performance

Shares of NASDAQ MELI traded down $36.33 during mid-day trading on Thursday, reaching $2,294.52. 303,548 shares of the company were exchanged, compared to its average volume of 384,540. MercadoLibre, Inc. has a twelve month low of $1,444.10 and a twelve month high of $2,374.54. The stock has a market capitalization of $116.33 billion, a P/E ratio of 60.86, a P/E/G ratio of 1.12 and a beta of 1.62. The company's 50-day simple moving average is $2,059.26 and its 200-day simple moving average is $1,972.15. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre 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.