Corient Private Wealth LLC Has $2.29 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Corient Private Wealth LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,348 shares of the company's stock after selling 378 shares during the period. Corient Private Wealth LLC's holdings in MercadoLibre were worth $2,292,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC raised its position in shares of MercadoLibre by 18.6% during the 3rd 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 during the last quarter. State Street Corp boosted its holdings in MercadoLibre by 3.1% during the third quarter. State Street Corp now owns 404,584 shares of the company's stock worth $830,190,000 after buying an additional 12,000 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of MercadoLibre by 52.9% in the 3rd 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 during the last quarter. Wealthfront Advisers LLC bought a new position in MercadoLibre during the 4th quarter worth approximately $565,306,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in MercadoLibre by 1.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 235,597 shares of the company's stock valued at $400,619,000 after purchasing an additional 3,710 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

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MercadoLibre Price Performance

NASDAQ MELI traded up $49.34 during trading on Tuesday, hitting $2,183.65. 212,453 shares of the company's stock were exchanged, compared to its average volume of 363,563. The stock's 50 day moving average price is $2,005.48 and its two-hundred day moving average price is $1,971.33. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market cap of $110.70 billion, a PE ratio of 57.89, a P/E/G ratio of 1.12 and a beta of 1.64.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MELI shares. Susquehanna lifted their price target 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. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and boosted their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $2,402.81.

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.