MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 38.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,832 shares of the company's stock after buying an additional 9,329 shares during the period. Steward Partners Investment Advisory LLC owned about 0.07% of MercadoLibre worth $57,529,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in MercadoLibre during the third quarter worth approximately $114,417,000. Principal Financial Group Inc. grew its holdings in MercadoLibre by 20.9% during the third quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock valued at $121,948,000 after purchasing an additional 10,272 shares during the period. KBC Group NV lifted its position in shares of MercadoLibre by 205.5% during the third quarter. KBC Group NV now owns 26,279 shares of the company's stock worth $53,923,000 after acquiring an additional 17,677 shares in the last quarter. Nordea Investment Management AB increased its holdings in MercadoLibre by 37.8% during the 4th 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 period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of MercadoLibre by 40.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,728 shares of the company's stock worth $5,598,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Down 0.5 %

MercadoLibre stock traded down $10.23 during trading on Thursday, hitting $2,102.54. The company had a trading volume of 79,684 shares, compared to its average volume of 374,352. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company's 50 day simple moving average is $1,930.48 and its 200-day simple moving average is $1,969.77. The stock has a market cap of $106.59 billion, a price-to-earnings ratio of 55.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued 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 net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MELI has been the subject of several research reports. Citigroup decreased their price objective on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. 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 research note on Thursday, January 30th. Morgan Stanley dropped their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Barclays upped their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Two 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $2,402.81.

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.