Americana Partners LLC Purchases 399 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Americana Partners LLC grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 41.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,371 shares of the company's stock after buying an additional 399 shares during the quarter. Americana Partners LLC's holdings in MercadoLibre were worth $2,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pacific Capital Wealth Advisors Inc. lifted its stake in shares of MercadoLibre by 220.0% in the 4th 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 period. Brown Lisle Cummings Inc. lifted its stake in shares of MercadoLibre by 100.0% in the 4th 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 period. Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at approximately $32,000. Mather Group LLC. lifted its stake in shares of MercadoLibre by 171.4% in the 4th quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after purchasing an additional 12 shares during the period. Finally, Grove Bank & Trust lifted its stake in shares of MercadoLibre by 120.0% in the 4th quarter. Grove Bank & Trust now owns 22 shares of the company's stock valued at $37,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 7.1 %

Shares of MercadoLibre stock traded up $149.53 on Friday, reaching $2,260.00. The company's stock had a trading volume of 1,256,768 shares, compared to its average volume of 371,354. The company has a market capitalization of $114.58 billion, a price-to-earnings ratio of 79.75, a P/E/G ratio of 1.10 and a beta of 1.62. The firm's fifty day simple moving average is $1,867.29 and its two-hundred day simple moving average is $1,956.30. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54. 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 posted its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 40.71% and a net margin of 7.57%. Equities analysts anticipate that MercadoLibre, Inc. will post 32.98 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Emiliano Calemzuk sold 50 shares of MercadoLibre stock in a transaction on Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research note on Tuesday, January 21st. Bank of America raised their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday. Barclays raised their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research note on Friday. BTIG Research reduced their price objective on MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald raised their price objective on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $2,364.06.

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.