135 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 135 shares of the company's stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Jennison Associates LLC grew its holdings in shares of MercadoLibre by 3.9% in the third quarter. Jennison Associates LLC now owns 1,873,919 shares of the company's stock valued at $3,845,207,000 after purchasing an additional 70,154 shares in the last quarter. FMR LLC raised its holdings in shares of MercadoLibre by 18.6% in the third quarter. FMR LLC now owns 878,996 shares of the company's stock valued at $1,803,665,000 after acquiring an additional 137,564 shares in the last quarter. State Street Corp raised its holdings in shares of MercadoLibre by 3.1% in the third quarter. State Street Corp now owns 404,584 shares of the company's stock valued at $830,190,000 after acquiring an additional 12,000 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of MercadoLibre by 52.9% in the third quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock valued at $717,525,000 after acquiring an additional 120,922 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of MercadoLibre by 205,108.3% in the third quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock valued at $509,506,000 after acquiring an additional 248,181 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded up $34.68 on Thursday, reaching $2,110.47. 727,004 shares of the stock were exchanged, compared to its average volume of 344,303. 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, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,161.73. The firm has a market capitalization of $107.00 billion, a price-to-earnings ratio of 74.47, a PEG ratio of 1.11 and a beta of 1.62. The business has a 50 day moving average price of $1,858.57 and a two-hundred day moving average price of $1,952.94.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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. MercadoLibre had a return on equity of 40.71% and a net margin of 7.57%. Analysts anticipate that MercadoLibre, Inc. will post 32.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on MELI shares. Morgan Stanley decreased their price objective on MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Wedbush cut their target price 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. Citigroup cut their target price on 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. JPMorgan Chase & Co. cut their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, New Street Research upgraded MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. 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 MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $2,244.69.

Insider Buying and Selling at MercadoLibre

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

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.