Gavilan Investment Partners LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 31.7% 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 16,200 shares of the company's stock after buying an additional 3,900 shares during the period. MercadoLibre comprises 7.6% of Gavilan Investment Partners LLC's portfolio, making the stock its 5th largest holding. Gavilan Investment Partners LLC's holdings in MercadoLibre were worth $27,547,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. 1620 Investment Advisors Inc. raised its position in shares of MercadoLibre by 2.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock worth $346,000 after buying an additional 5 shares during the period. Nvwm LLC raised its holdings in shares of MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock worth $1,933,000 after purchasing an additional 6 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 7 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of MercadoLibre by 17.9% during the 4th 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. Finally, Savant Capital LLC increased its position 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 purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.
MercadoLibre Stock Performance
NASDAQ MELI traded up $47.90 during trading hours on Friday, hitting $1,981.89. The company had a trading volume of 177,733 shares, compared to its average volume of 387,572. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a market cap of $100.48 billion, a P/E ratio of 52.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The business has a fifty day simple moving average of $2,035.55 and a 200-day simple moving average of $1,959.84.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating 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 firm had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. Equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Barclays boosted their price objective 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. Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Bank of America boosted their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on shares of 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 upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Buy" and a consensus price target of $2,409.69.
View Our Latest Analysis on MercadoLibre
About MercadoLibre
(
Free Report)
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.
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