Blair William & Co. IL Buys 1,232 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Blair William & Co. IL grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 54.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,512 shares of the company's stock after acquiring an additional 1,232 shares during the period. Blair William & Co. IL's holdings in MercadoLibre were worth $5,972,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MELI. LM Advisors LLC boosted its stake in MercadoLibre by 54.5% in the 4th quarter. LM Advisors LLC now owns 238 shares of the company's stock worth $405,000 after purchasing an additional 84 shares during the period. AssuredPartners Investment Advisors LLC bought a new position in shares of MercadoLibre in the fourth quarter worth approximately $1,202,000. NEOS Investment Management LLC raised its stake in MercadoLibre by 81.0% in the fourth quarter. NEOS Investment Management LLC now owns 3,428 shares of the company's stock valued at $5,829,000 after purchasing an additional 1,534 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in MercadoLibre by 76.2% during the fourth quarter. UniSuper Management Pty Ltd now owns 16,200 shares of the company's stock valued at $27,547,000 after purchasing an additional 7,005 shares during the last quarter. Finally, Sava Infond d.o.o. purchased a new position in MercadoLibre in the 4th quarter worth approximately $9,114,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Susquehanna increased their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. Barclays boosted their price target 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. The Goldman Sachs Group upped their price target on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research note on Tuesday, January 21st. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $2,402.81.

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MercadoLibre Stock Down 6.9 %

Shares of NASDAQ MELI traded down $134.99 during mid-day trading on Friday, hitting $1,810.56. 227,748 shares of the stock traded hands, compared to its average volume of 379,246. The stock has a fifty day moving average price of $2,036.94 and a 200-day moving average price of $1,970.44. 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 company has a market cap of $91.79 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current 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.