MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 61.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 853 shares of the company's stock after acquiring an additional 325 shares during the quarter. Banco Santander S.A.'s holdings in MercadoLibre were worth $1,450,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MELI. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $94,000. Haven Private LLC purchased a new stake in MercadoLibre during the 4th quarter valued at $1,019,000. Andra AP fonden bought a new stake in shares of MercadoLibre during the 4th quarter valued at $5,441,000. Edgestream Partners L.P. bought a new stake in shares of MercadoLibre during the 4th quarter valued at $682,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $434,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MELI has been the subject of several recent analyst reports. Bank of America upped their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. The Goldman Sachs Group increased 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 report on Monday, March 3rd. Finally, Citigroup reduced their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Buy" and a consensus target price of $2,402.81.

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MercadoLibre Stock Up 0.7 %

MELI stock traded up $14.72 on Wednesday, hitting $2,004.83. 522,103 shares of the company's stock were exchanged, compared to its average volume of 409,336. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The firm has a 50 day moving average price of $1,958.74 and a two-hundred day moving average price of $1,969.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock 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.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating 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 return on equity of 51.89% and a net margin of 9.20%. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.