Mmbg Investment Advisors CO. Buys 874 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Mmbg Investment Advisors CO. lifted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 67.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,168 shares of the company's stock after purchasing an additional 874 shares during the quarter. Mmbg Investment Advisors CO.'s holdings in MercadoLibre were worth $3,687,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America increased their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Barclays upped their price target on MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research report on Thursday. Cantor Fitzgerald lowered their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised 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, Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,504.67.

MercadoLibre Price Performance

MercadoLibre stock opened at $2,452.53 on Monday. The stock's fifty day moving average price is $2,081.98 and its two-hundred day moving average price is $1,981.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,525.00. The firm has a market cap of $124.34 billion, a PE ratio of 65.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.

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

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