161 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 161 shares of the company's stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zevin Asset Management LLC boosted its position in MercadoLibre by 4.4% during the fourth quarter. Zevin Asset Management LLC now owns 17,507 shares of the company's stock worth $29,769,000 after acquiring an additional 744 shares during the last quarter. Carret Asset Management LLC boosted its position in MercadoLibre by 62.6% during the fourth quarter. Carret Asset Management LLC now owns 735 shares of the company's stock worth $1,250,000 after acquiring an additional 283 shares during the last quarter. Atala Financial Inc acquired a new position in MercadoLibre during the fourth quarter worth about $859,000. LBP AM SA boosted its position in MercadoLibre by 30.9% during the fourth quarter. LBP AM SA now owns 32,800 shares of the company's stock worth $55,774,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Parnassus Investments LLC boosted its position in MercadoLibre by 16.1% during the fourth quarter. Parnassus Investments LLC now owns 17,304 shares of the company's stock worth $29,424,000 after acquiring an additional 2,401 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MELI shares. Bank of America boosted their price target 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. New Street Research upgraded shares of 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 report on Thursday, January 30th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Citigroup decreased their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Finally, Wedbush decreased their target price 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. Two investment 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 stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of "Buy" and an average price target of $2,402.81.

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MercadoLibre Stock Up 3.2 %

Shares of MercadoLibre stock traded up $63.14 during trading hours on Wednesday, hitting $2,065.94. The company had a trading volume of 348,981 shares, compared to its average volume of 363,525. The company's 50-day moving average is $1,977.75 and its two-hundred day moving average is $1,969.35. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month 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 $104.74 billion, a P/E ratio of 54.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. Analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.