MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC grew its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,087 shares of the company's stock after buying an additional 136 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in MercadoLibre were worth $3,549,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of MercadoLibre during the 3rd quarter valued at $114,417,000. Principal Financial Group Inc. boosted its holdings in MercadoLibre by 20.9% in the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock worth $121,948,000 after acquiring an additional 10,272 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of MercadoLibre by 37.8% during the fourth quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock worth $271,897,000 after acquiring an additional 43,215 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of MercadoLibre by 11.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock valued at $2,328,000 after acquiring an additional 143 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of MercadoLibre by 40.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company's stock valued at $5,598,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

Remove Ads

MercadoLibre Stock Down 5.3 %

Shares of NASDAQ MELI traded down $116.33 during midday trading on Wednesday, hitting $2,074.97. The company's stock had a trading volume of 492,057 shares, compared to its average volume of 364,733. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The business's fifty day simple moving average is $2,014.23 and its two-hundred day simple moving average is $1,972.78. The firm has a market capitalization of $105.19 billion, a price-to-earnings ratio of 55.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping 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 firm had revenue of $6.06 billion during the quarter, compared to analysts' expectations of $5.94 billion. On average, equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of research analyst reports. Susquehanna raised their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Cantor Fitzgerald boosted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $2,402.81.

About MercadoLibre

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.