Triasima Portfolio Management inc. Buys Shares of 1,536 MercadoLibre, Inc. (NASDAQ:MELI)

Triasima Portfolio Management inc. acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,536 shares of the company's stock, valued at approximately $2,414,000.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. purchased a new position in MercadoLibre in the 1st quarter worth about $236,000. Cibc World Market Inc. increased its stake in MercadoLibre by 6.1% in the 1st quarter. Cibc World Market Inc. now owns 659 shares of the company's stock worth $784,000 after buying an additional 38 shares during the period. Dimensional Fund Advisors LP increased its stake in MercadoLibre by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 189 shares of the company's stock worth $225,000 after buying an additional 15 shares during the period. Blair William & Co. IL increased its stake in MercadoLibre by 10.1% in the 1st quarter. Blair William & Co. IL now owns 2,878 shares of the company's stock worth $3,423,000 after buying an additional 264 shares during the period. Finally, Cetera Investment Advisers increased its stake in MercadoLibre by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 1,048 shares of the company's stock worth $1,247,000 after buying an additional 210 shares during the period. Institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on MELI shares. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. Wedbush reissued an "outperform" rating and set a $2,000.00 target price on shares of MercadoLibre in a research report on Tuesday, March 5th. Citigroup cut their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Susquehanna raised their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a "positive" rating in a report on Friday, February 23rd. Finally, StockNews.com cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has a consensus rating of "Moderate Buy" and an average price target of $1,806.15.

MercadoLibre Trading Down 4.2 %

NASDAQ:MELI traded down $63.42 on Friday, reaching $1,444.14. 539,352 shares of the company's stock were exchanged, compared to its average volume of 289,721. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $73.22 billion, a price-to-earnings ratio of 73.91, a price-to-earnings-growth ratio of 0.97 and a beta of 1.44. The business has a fifty day moving average of $1,594.55 and a 200-day moving average of $1,520.95. MercadoLibre, Inc. has a 52-week low of $1,063.02 and a 52-week high of $1,825.00.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing analysts' consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the business posted $3.25 earnings per share. MercadoLibre's revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, analysts expect that MercadoLibre, Inc. will post 35.89 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.