MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 162,169 shares of the company's stock after acquiring an additional 14,979 shares during the quarter. Artisan Partners Limited Partnership owned about 0.32% of MercadoLibre worth $275,759,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of MercadoLibre in the 3rd quarter worth approximately $114,417,000. Principal Financial Group Inc. increased its position in shares of MercadoLibre by 20.9% in the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock valued at $121,948,000 after buying an additional 10,272 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of MercadoLibre by 37.8% during the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock worth $271,897,000 after buying an additional 43,215 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in MercadoLibre by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after acquiring an additional 143 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in MercadoLibre by 40.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company's stock worth $5,598,000 after acquiring an additional 780 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MELI shares. The Goldman Sachs Group raised their price objective on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their target price for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Wedbush reduced their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Finally, Cantor Fitzgerald lifted 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, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre has a consensus rating of "Buy" and an average target price of $2,402.81.

MercadoLibre Stock Down 2.3 %

MELI stock traded down $47.78 during trading on Friday, reaching $2,048.07. The stock had a trading volume of 326,428 shares, compared to its average volume of 374,317. The firm has a fifty day moving average price of $2,028.39 and a 200 day moving average price of $1,974.17. 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 capitalization of $103.83 billion, a P/E ratio of 54.33, 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 issued its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating analysts' consensus estimates 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. On average, equities analysts anticipate 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.