Townsquare Capital LLC Has $5.03 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Townsquare Capital LLC increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,957 shares of the company's stock after purchasing an additional 1,175 shares during the quarter. Townsquare Capital LLC's holdings in MercadoLibre were worth $5,028,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Human Investing LLC acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. lifted its stake in 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 last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of MercadoLibre by 100.0% in 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 in the last quarter. Covestor Ltd bought a new position in shares of MercadoLibre in the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter worth $32,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Up 1.7 %

MELI stock traded up $35.00 during mid-day trading on Friday, reaching $2,099.37. The company's stock had a trading volume of 250,624 shares, compared to its average volume of 386,406. The business's 50 day moving average price is $2,043.29 and its 200 day moving average price is $1,960.13. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The company has a market cap of $106.43 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating analysts' consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on MELI shares. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group increased their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $2,415.94.

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.