Bessemer Group Inc. Has $363.04 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Bessemer Group Inc. lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,500 shares of the company's stock after selling 10,509 shares during the quarter. Bessemer Group Inc. owned approximately 0.42% of MercadoLibre worth $363,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. 1620 Investment Advisors Inc. lifted its position in shares of MercadoLibre by 2.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after buying an additional 5 shares during the last quarter. Texas Yale Capital Corp. raised its stake in MercadoLibre by 0.3% in the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock valued at $2,779,000 after acquiring an additional 5 shares during the period. Nvwm LLC lifted its holdings in MercadoLibre by 0.5% during the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after purchasing an additional 6 shares during the last quarter. Perigon Wealth Management LLC boosted its position in MercadoLibre by 0.7% during the fourth quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after purchasing an additional 7 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its position in MercadoLibre by 17.9% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock worth $78,000 after purchasing an additional 7 shares during the period. 87.62% of the stock is owned by institutional investors.

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MercadoLibre Price Performance

MercadoLibre stock traded up $13.38 during mid-day trading on Monday, reaching $2,010.33. The company had a trading volume of 141,591 shares, compared to its average volume of 387,088. The business has a fifty day simple moving average of $2,036.16 and a 200 day simple moving average of $1,957.92. The company has a market cap of $101.92 billion, a P/E ratio of 53.32, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a research note on Thursday. Susquehanna raised their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Finally, Barclays upped their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $2,409.69.

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.