Bank of Montreal Can Acquires 2,750 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Bank of Montreal Can raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,809 shares of the company's stock after acquiring an additional 2,750 shares during the period. Bank of Montreal Can's holdings in MercadoLibre were worth $31,984,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MELI. Cerity Partners LLC increased its position in MercadoLibre by 1.0% during the 4th quarter. Cerity Partners LLC now owns 4,926 shares of the company's stock worth $8,948,000 after purchasing an additional 51 shares in the last quarter. Sierra Summit Advisors LLC increased its holdings in shares of MercadoLibre by 7.7% during the fourth quarter. Sierra Summit Advisors LLC now owns 5,163 shares of the company's stock worth $8,779,000 after buying an additional 370 shares in the last quarter. Gavilan Investment Partners LLC lifted its stake in shares of MercadoLibre by 31.7% in the 4th quarter. Gavilan Investment Partners LLC now owns 16,200 shares of the company's stock valued at $27,547,000 after acquiring an additional 3,900 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of MercadoLibre by 42.9% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 10,000 shares of the company's stock valued at $17,004,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in MercadoLibre by 10.7% during the 4th quarter. Russell Investments Group Ltd. now owns 76,346 shares of the company's stock worth $129,958,000 after acquiring an additional 7,380 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

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Wall Street Analysts Forecast Growth

MELI has been the topic of a number of recent research reports. Wedbush cut 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. Morgan Stanley cut their target price on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating on the stock in a research report on Thursday. Cantor Fitzgerald raised their price target on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays boosted their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $2,409.69.

MercadoLibre Stock Up 2.0 %

Shares of MELI stock traded up $40.17 on Monday, reaching $2,037.12. 317,742 shares of the company were exchanged, compared to its average volume of 387,775. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a 50-day moving average of $2,036.16 and a 200-day moving average of $1,957.92. The company has a market cap of $103.28 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Company 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.