Motley Fool Asset Management LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,035 shares of the company's stock after acquiring an additional 272 shares during the period. Motley Fool Asset Management LLC's holdings in MercadoLibre were worth $8,562,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Human Investing LLC bought a new stake in shares of MercadoLibre during the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. lifted its holdings in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 8 shares during the period. Heck Capital Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth about $32,000. Finally, Mather Group LLC. boosted its holdings in shares of MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on MELI shares. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research report on Tuesday, January 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their target price for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Susquehanna upped their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price objective on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Barclays upped their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, MercadoLibre presently has a consensus rating of "Buy" and a consensus target price of $2,402.81.
Read Our Latest Report on MercadoLibre
MercadoLibre Stock Performance
MELI traded up $83.02 on Tuesday, reaching $1,877.75. 293,347 shares of the stock were exchanged, compared to its average volume of 383,290. 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 company's 50-day moving average price is $2,035.87 and its 200 day moving average price is $1,964.70. The firm has a market capitalization of $95.20 billion, a PE ratio of 49.91, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly 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. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
MercadoLibre Profile
(
Free Report)
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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