Annandale Capital LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 314 shares of the company's stock, valued at approximately $534,000.
Several other hedge funds also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its position in shares of MercadoLibre by 0.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after acquiring an additional 2,048 shares during the period. Schroder Investment Management Group lifted its position in MercadoLibre by 9.4% during the fourth quarter. Schroder Investment Management Group now owns 443,156 shares of the company's stock worth $753,560,000 after purchasing an additional 38,261 shares during the period. State Street Corp grew its stake in MercadoLibre by 3.1% during the third quarter. State Street Corp now owns 404,584 shares of the company's stock worth $830,190,000 after buying an additional 12,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in MercadoLibre by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 380,956 shares of the company's stock valued at $647,793,000 after buying an additional 31,278 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at approximately $565,306,000. 87.62% of the stock is owned by institutional investors.
MercadoLibre Trading Down 5.4 %
Shares of MELI stock opened at $1,841.29 on Friday. The stock has a 50-day moving average of $2,036.90 and a 200-day moving average of $1,968.60. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The stock has a market cap of $93.35 billion, a price-to-earnings ratio of 48.84, a PEG ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. On average, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. Cantor Fitzgerald boosted their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Barclays boosted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Finally, Susquehanna raised their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $2,402.81.
View Our Latest Report on MELI
About MercadoLibre
(
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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