Arrowstreet Capital Limited Partnership Raises Position in MercadoLibre, Inc. (NASDAQ:MELI)

Arrowstreet Capital Limited Partnership grew its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,292 shares of the company's stock after buying an additional 2,048 shares during the quarter. MercadoLibre accounts for about 0.7% of Arrowstreet Capital Limited Partnership's portfolio, making the stock its 17th largest holding. Arrowstreet Capital Limited Partnership owned about 1.08% of MercadoLibre worth $927,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. Human Investing LLC acquired a new position in MercadoLibre during the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. raised its holdings in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter worth $32,000. Finally, Mather Group LLC. lifted its holdings in shares of MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

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Analyst Ratings Changes

MELI has been the topic of several research reports. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and increased their price target for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Susquehanna raised their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. Finally, Bank of America upped their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $2,402.81.

MercadoLibre Stock Up 1.0 %

NASDAQ MELI traded up $19.03 on Wednesday, hitting $1,934.03. 459,748 shares of the company were exchanged, compared to its average volume of 377,294. 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 company has a market cap of $98.05 billion, a PE ratio of 51.30, a PEG ratio of 1.12 and a beta of 1.64. The stock has a fifty day moving average of $2,032.29 and a 200-day moving average of $1,970.87. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.