Blair William & Co. IL Raises Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Blair William & Co. IL increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 54.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. increased its holdings in MercadoLibre by 2.5% during the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock worth $346,000 after purchasing an additional 5 shares in the last quarter. Nvwm LLC grew its holdings in MercadoLibre by 0.5% during the fourth quarter. Nvwm LLC now owns 1,137 shares of the company's stock worth $1,933,000 after buying an additional 6 shares in the last quarter. Perigon Wealth Management LLC raised its position in MercadoLibre by 0.7% in the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock valued at $1,758,000 after buying an additional 7 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its stake in MercadoLibre by 17.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock valued at $78,000 after acquiring an additional 7 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in MercadoLibre by 2.3% during the 4th quarter. Savant Capital LLC now owns 308 shares of the company's stock worth $524,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays increased their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Susquehanna lifted their target price 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. boosted their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. Two equities research 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's stock. According to data from MarketBeat, MercadoLibre has a consensus rating of "Buy" and an average price target of $2,402.81.

MercadoLibre Stock Performance

Shares of MELI traded down $104.26 during trading hours on Friday, hitting $1,841.29. The company's stock had a trading volume of 852,116 shares, compared to its average volume of 382,095. The business has a 50 day simple moving average of $2,036.90 and a two-hundred day simple moving average of $1,968.60. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. 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 market cap of $93.35 billion, a price-to-earnings ratio of 48.84, a PEG ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. On average, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.