GS Investments Inc. Has $2.26 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

GS Investments Inc. grew its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 183.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,330 shares of the company's stock after acquiring an additional 860 shares during the quarter. GS Investments Inc.'s holdings in MercadoLibre were worth $2,262,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Human Investing LLC acquired a new position in MercadoLibre in the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. lifted its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 8 shares during the period. Heck Capital Advisors LLC bought a new position in MercadoLibre during the 4th quarter worth $32,000. Finally, Mather Group LLC. increased its position in MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after buying an additional 12 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of analyst reports. Cantor Fitzgerald boosted their target price on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Barclays boosted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup lowered their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. Wedbush lowered 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 research note on Monday, January 6th. Finally, Susquehanna upped their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, MercadoLibre has a consensus rating of "Buy" and a consensus price target of $2,402.81.

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MercadoLibre Stock Up 1.9 %

Shares of NASDAQ MELI traded up $39.04 during trading hours on Monday, hitting $2,134.31. The stock had a trading volume of 353,917 shares, compared to its average volume of 363,695. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market capitalization of $108.20 billion, a P/E ratio of 56.61, a P/E/G ratio of 1.12 and a beta of 1.64. The firm's 50-day moving average price is $1,997.59 and its two-hundred day moving average price is $1,970.66. 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 posted its earnings results 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 return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. Analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS 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.