Douglass Winthrop Advisors LLC Boosts Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Douglass Winthrop Advisors LLC raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,799 shares of the company's stock after acquiring an additional 987 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in MercadoLibre were worth $8,160,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MELI. Swedbank AB grew its position in shares of MercadoLibre by 352.8% during the 3rd quarter. Swedbank AB now owns 94,123 shares of the company's stock worth $193,137,000 after buying an additional 73,336 shares during the period. Empowered Funds LLC grew its holdings in MercadoLibre by 5.3% in the third quarter. Empowered Funds LLC now owns 697 shares of the company's stock worth $1,430,000 after purchasing an additional 35 shares during the period. Thrivent Financial for Lutherans increased its stake in MercadoLibre by 11.9% in the third quarter. Thrivent Financial for Lutherans now owns 197 shares of the company's stock valued at $404,000 after purchasing an additional 21 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of MercadoLibre by 48.0% during the third quarter. Banque Cantonale Vaudoise now owns 814 shares of the company's stock valued at $1,670,000 after purchasing an additional 264 shares during the period. Finally, Avior Wealth Management LLC boosted its position in shares of MercadoLibre by 268.1% during the 3rd quarter. Avior Wealth Management LLC now owns 173 shares of the company's stock worth $355,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

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MercadoLibre Stock Performance

Shares of MELI stock traded up $56.99 during trading on Tuesday, hitting $2,191.30. The company's stock had a trading volume of 429,408 shares, compared to its average volume of 363,563. 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 $111.09 billion, a PE ratio of 58.12, a P/E/G ratio of 1.12 and a beta of 1.64. The business has a fifty day moving average of $2,005.48 and a 200-day moving average of $1,971.33. 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 announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. As a group, research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MELI. Barclays upped their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Susquehanna increased their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Wedbush lowered their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Finally, New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $2,402.81.

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.