Ilmarinen Mutual Pension Insurance Co Has $17 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Ilmarinen Mutual Pension Insurance Co grew its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 42.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,000 shares of the company's stock after buying an additional 3,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in MercadoLibre were worth $17,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MELI. Human Investing LLC acquired a new stake in MercadoLibre during the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. grew its stake in shares of MercadoLibre by 220.0% during the fourth 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 period. Brown Lisle Cummings Inc. increased its holdings in MercadoLibre by 100.0% in the fourth 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 last quarter. Heck Capital Advisors LLC acquired a new position in MercadoLibre in the fourth quarter valued at about $32,000. Finally, Mather Group LLC. boosted its holdings in MercadoLibre by 171.4% during 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 last quarter. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MELI. Cantor Fitzgerald increased their price target 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. Susquehanna lifted their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group increased their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $2,409.69.

MercadoLibre Stock Down 2.0 %

NASDAQ:MELI traded down $38.71 on Thursday, hitting $1,941.95. 236,819 shares of the company's stock were exchanged, compared to its average volume of 387,263. The firm has a 50-day moving average price of $2,035.05 and a 200-day moving average price of $1,961.07. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week 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 $98.45 billion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate 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 return on equity of 51.89% and a net margin of 9.20%. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 EPS 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.