MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,682 shares of the company's stock after buying an additional 534 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in MercadoLibre were worth $18,431,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Human Investing LLC purchased a new position in MercadoLibre in the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. grew its stake in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in 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 purchasing an additional 8 shares during the last quarter. Covestor Ltd purchased a new position in MercadoLibre in the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in MercadoLibre in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the topic of several analyst reports. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Benchmark lowered MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Raymond James upgraded 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. The Goldman Sachs Group boosted their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Cantor Fitzgerald dropped their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,521.33.

MercadoLibre Stock Down 0.1%

Shares of NASDAQ MELI traded down $1.57 during midday trading on Friday, hitting $2,584.92. 279,704 shares of the company's stock were exchanged, compared to its average volume of 383,139. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,610.30. The company has a market cap of $131.05 billion, a PE ratio of 68.57, a P/E/G ratio of 1.12 and a beta of 1.61. The firm's fifty day simple moving average is $2,135.04 and its 200-day simple moving average is $1,999.73.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm's revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.78 earnings per share. Research analysts predict that MercadoLibre, Inc. will post 43.96 EPS 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.