MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,794 shares of the company's stock after acquiring an additional 1,825 shares during the period. MercadoLibre accounts for approximately 1.3% of Wasatch Advisors LP's investment portfolio, making the stock its 21st biggest holding. Wasatch Advisors LP owned approximately 0.30% of MercadoLibre worth $254,716,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new stake in MercadoLibre in the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. increased its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 11 shares during the period. Brown Lisle Cummings Inc. raised its position in 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 during the last quarter. Covestor Ltd purchased a new position in MercadoLibre during the 4th quarter worth $27,000. Finally, Heck Capital Advisors LLC acquired a new position in MercadoLibre in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MELI. Morgan Stanley decreased their target price on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective for the company in a research report on Tuesday, January 21st. Bank of America boosted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, Benchmark began coverage on shares of MercadoLibre in a research report on Tuesday. They set a "buy" rating and a $2,500.00 price objective for the company. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $2,415.94.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded up $35.00 on Friday, hitting $2,099.37. The company's stock had a trading volume of 250,624 shares, compared to its average volume of 386,406. 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 stock has a 50 day moving average of $2,043.29 and a 200-day moving average of $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 capitalization 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.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.