NewSquare Capital LLC Has $3.10 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

NewSquare Capital LLC raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 98,400.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,970 shares of the company's stock after acquiring an additional 1,968 shares during the period. NewSquare Capital LLC's holdings in MercadoLibre were worth $3,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MELI. Envestnet Asset Management Inc. lifted its stake in shares of MercadoLibre by 99.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company's stock valued at $67,900,000 after purchasing an additional 26,679 shares during the period. Townsquare Capital LLC lifted its stake in shares of MercadoLibre by 0.9% in the 3rd quarter. Townsquare Capital LLC now owns 1,549 shares of the company's stock valued at $1,964,000 after purchasing an additional 14 shares during the period. California Public Employees Retirement System lifted its stake in shares of MercadoLibre by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 89,312 shares of the company's stock valued at $113,237,000 after purchasing an additional 1,277 shares during the period. Vanguard Group Inc. lifted its stake in shares of MercadoLibre by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 178,815 shares of the company's stock valued at $226,716,000 after purchasing an additional 4,065 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of MercadoLibre by 112,333.8% in the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company's stock valued at $229,703,000 after purchasing an additional 146,034 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DZ Bank raised shares of MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 price target for the company in a report on Tuesday. UBS Group cut their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a "buy" rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Citigroup cut their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating for the company in a report on Wednesday, March 27th. Finally, StockNews.com lowered shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,790.36.

MercadoLibre Stock Down 1.8 %

Shares of MELI stock traded down $25.00 during trading hours on Wednesday, reaching $1,370.00. 301,022 shares of the stock were exchanged, compared to its average volume of 386,410. The firm has a market capitalization of $69.46 billion, a P/E ratio of 70.11, a P/E/G ratio of 0.88 and a beta of 1.44. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. The business's fifty day moving average is $1,538.78 and its two-hundred day moving average is $1,528.66.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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 return on equity of 39.07% and a net margin of 6.82%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business posted $3.25 EPS. The firm's revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, research analysts expect that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal 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.