2,559 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,559 shares of the company's stock, valued at approximately $4,406,000.

Several other institutional investors also recently bought and sold shares of the company. Ribbit Management Company LLC lifted its stake in MercadoLibre by 130.4% during the 4th quarter. Ribbit Management Company LLC now owns 10,673 shares of the company's stock valued at $18,149,000 after acquiring an additional 6,040 shares during the period. ProShare Advisors LLC lifted its stake in MercadoLibre by 20.6% during the 4th quarter. ProShare Advisors LLC now owns 59,162 shares of the company's stock valued at $100,601,000 after acquiring an additional 10,119 shares during the period. Quantinno Capital Management LP lifted its stake in MercadoLibre by 0.9% during the 4th quarter. Quantinno Capital Management LP now owns 3,685 shares of the company's stock valued at $6,266,000 after acquiring an additional 33 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in MercadoLibre by 5.3% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,682 shares of the company's stock valued at $18,431,000 after acquiring an additional 534 shares during the period. Finally, NWI Management LP lifted its stake in MercadoLibre by 39.1% during the 4th quarter. NWI Management LP now owns 42,700 shares of the company's stock valued at $72,609,000 after acquiring an additional 12,000 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MELI. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. StockNews.com cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday. Bank of America increased their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Susquehanna increased their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,521.33.

MercadoLibre Price Performance

Shares of MercadoLibre stock traded down $1.57 on Friday, hitting $2,584.92. 279,704 shares of the company traded hands, compared to its average volume of 383,139. The stock has a market capitalization of $131.05 billion, a P/E ratio of 68.57, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,610.30. The business has a 50-day simple moving average of $2,135.04 and a 200 day simple moving average of $1,999.47.

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

About MercadoLibre

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.