Nebula Research & Development LLC Buys 1,151 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Nebula Research & Development LLC raised its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 118.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,120 shares of the company's stock after buying an additional 1,151 shares during the period. MercadoLibre comprises about 0.4% of Nebula Research & Development LLC's portfolio, making the stock its 23rd biggest position. Nebula Research & Development LLC's holdings in MercadoLibre were worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in shares of MercadoLibre during the 3rd quarter valued at about $12,784,000. Anchor Investment Management LLC boosted its position in shares of MercadoLibre by 19.1% during the 3rd quarter. Anchor Investment Management LLC now owns 629 shares of the company's stock valued at $1,291,000 after purchasing an additional 101 shares in the last quarter. World Investment Advisors LLC boosted its position in shares of MercadoLibre by 35.7% during the 3rd quarter. World Investment Advisors LLC now owns 475 shares of the company's stock valued at $975,000 after purchasing an additional 125 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of MercadoLibre during the 3rd quarter valued at about $977,000. Finally, Tidal Investments LLC boosted its position in shares of MercadoLibre by 59.7% during the 3rd quarter. Tidal Investments LLC now owns 15,829 shares of the company's stock valued at $32,480,000 after purchasing an additional 5,918 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the topic of several research analyst reports. Bank of America upped their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Barclays upped their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target on the stock in a research note on Tuesday, January 21st. Finally, New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and upped their price target for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $2,464.67.

MercadoLibre Stock Performance

MercadoLibre stock traded down $7.70 during midday trading on Wednesday, reaching $2,273.16. The stock had a trading volume of 291,302 shares, compared to its average volume of 384,862. MercadoLibre, Inc. has a 12 month low of $1,427.95 and a 12 month high of $2,374.54. The firm's 50-day moving average price is $2,056.42 and its 200 day moving average price is $1,968.17. The firm has a market capitalization of $115.24 billion, a PE ratio of 60.30, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $5.94 billion. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Company 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.