Natixis Has $3.01 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Natixis decreased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,772 shares of the company's stock after selling 692 shares during the period. Natixis' holdings in MercadoLibre were worth $3,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Human Investing LLC bought a new position in MercadoLibre in the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. grew its position in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 8 shares in the last quarter. Covestor Ltd bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $32,000. Institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MELI. Bank of America increased their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Benchmark began coverage on shares of MercadoLibre in a report on Tuesday, April 15th. They issued a "buy" rating and a $2,500.00 price objective for the company. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $2,464.67.

MercadoLibre Price Performance

Shares of MELI traded up $21.04 during mid-day trading on Friday, reaching $2,225.85. The company had a trading volume of 284,084 shares, compared to its average volume of 385,686. MercadoLibre, Inc. has a twelve month low of $1,419.86 and a twelve month high of $2,374.54. 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 is $2,050.36 and its 200-day moving average is $1,965.16. The company has a market capitalization of $112.84 billion, a P/E ratio of 59.04, a P/E/G ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS 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.