Argentarii LLC bought a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 127 shares of the company's stock, valued at approximately $216,000.
Other large investors have also made changes to their positions in the company. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in MercadoLibre by 4.6% during the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 203 shares of the company's stock valued at $345,000 after buying an additional 9 shares during the period. Personal CFO Solutions LLC grew its stake in MercadoLibre by 1.6% during the 4th quarter. Personal CFO Solutions LLC now owns 452 shares of the company's stock valued at $769,000 after acquiring an additional 7 shares in the last quarter. Amundi increased its holdings in shares of MercadoLibre by 1.2% in the 4th quarter. Amundi now owns 111,884 shares of the company's stock valued at $194,566,000 after purchasing an additional 1,309 shares during the period. Permanent Capital Management LP purchased a new stake in shares of MercadoLibre in the fourth quarter worth approximately $247,000. Finally, AMF Tjanstepension AB boosted its holdings in shares of MercadoLibre by 13.6% during the fourth quarter. AMF Tjanstepension AB now owns 92,580 shares of the company's stock worth $157,427,000 after purchasing an additional 11,077 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.
Analyst Upgrades and Downgrades
MELI has been the topic of several research reports. Bank of America upped their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Citigroup dropped their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Wedbush reduced their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald raised their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $2,402.81.
Get Our Latest Stock Report on MercadoLibre
MercadoLibre Stock Performance
NASDAQ MELI traded up $14.72 during trading on Wednesday, hitting $2,004.83. The company's stock had a trading volume of 522,103 shares, compared to its average volume of 409,336. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54. The firm has a market cap of $101.64 billion, a P/E ratio of 53.18, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The firm has a 50 day moving average price of $1,958.74 and a 200 day moving average price of $1,969.52. 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, topping the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.
MercadoLibre Company Profile
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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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