GWN Securities Inc. Makes New Investment in MercadoLibre, Inc. (NASDAQ:MELI)

GWN Securities Inc. acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 222 shares of the company's stock, valued at approximately $409,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in MercadoLibre by 3.9% in the third quarter. Jennison Associates LLC now owns 1,873,919 shares of the company's stock valued at $3,845,207,000 after acquiring an additional 70,154 shares during the last quarter. FMR LLC lifted its stake in MercadoLibre by 18.6% in the third quarter. FMR LLC now owns 878,996 shares of the company's stock valued at $1,803,665,000 after buying an additional 137,564 shares in the last quarter. State Street Corp lifted its position in MercadoLibre by 3.1% in the 3rd quarter. State Street Corp now owns 404,584 shares of the company's stock valued at $830,190,000 after acquiring an additional 12,000 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of MercadoLibre by 52.9% during the third quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock worth $717,525,000 after buying an additional 120,922 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $565,306,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Trading Up 0.1 %

Shares of MELI stock traded up $1.63 during trading hours on Thursday, hitting $2,067.57. 253,810 shares of the company were exchanged, compared to its average volume of 363,331. The firm has a market cap of $104.82 billion, a P/E ratio of 54.84, a P/E/G ratio of 1.12 and a beta of 1.64. 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 50 day simple moving average of $1,984.29 and a two-hundred day simple moving average of $1,970.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

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MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Bank of America lifted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and increased their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Citigroup cut their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Finally, Barclays raised their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Friday, February 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 MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus 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.