TCG Advisory Services LLC acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,271 shares of the company's stock, valued at approximately $5,141,000.
A number of other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in 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 buying an additional 26,679 shares during the last quarter. Townsquare Capital LLC lifted its holdings in MercadoLibre by 0.9% during the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company's stock worth $1,964,000 after acquiring an additional 14 shares during the period. California Public Employees Retirement System boosted its position in MercadoLibre by 1.5% in the third quarter. California Public Employees Retirement System now owns 89,312 shares of the company's stock worth $113,237,000 after purchasing an additional 1,277 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 increased its position in shares of MercadoLibre by 112,333.8% during 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 last quarter. Institutional investors own 87.62% of the company's stock.
Analyst Ratings Changes
MELI has been the topic of a number of research analyst reports. DZ Bank raised shares of MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 price target on the stock in a report on Tuesday, April 23rd. UBS Group decreased 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 research note on Wednesday, April 17th. Citigroup dropped their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. StockNews.com downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,800.00 price target on shares of MercadoLibre in a research report on Friday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,805.00.
Check Out Our Latest Stock Analysis on MercadoLibre
MercadoLibre Price Performance
NASDAQ:MELI traded up $124.57 during mid-day trading on Friday, hitting $1,630.56. 1,346,802 shares of the stock traded hands, compared to its average volume of 395,765. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. 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 company has a market cap of $82.67 billion, a PE ratio of 72.96, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45. The business's 50-day moving average price is $1,499.29 and its 200 day moving average price is $1,542.15.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts' consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business earned $3.97 EPS. The business's revenue for the quarter was up 36.0% on a year-over-year basis. On average, analysts expect that MercadoLibre, Inc. will post 34.46 EPS for the current fiscal year.
MercadoLibre Company 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.
Further Reading
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