Xponance Inc. Has $4.31 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Xponance Inc. increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,533 shares of the company's stock after acquiring an additional 352 shares during the quarter. Xponance Inc.'s holdings in MercadoLibre were worth $4,307,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB increased its holdings in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company's stock worth $193,137,000 after acquiring an additional 73,336 shares in the last quarter. Empowered Funds LLC increased its stake in MercadoLibre by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 697 shares of the company's stock worth $1,430,000 after purchasing an additional 35 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company's stock worth $404,000 after buying an additional 21 shares during the period. Banque Cantonale Vaudoise lifted its stake in MercadoLibre by 48.0% in the third quarter. Banque Cantonale Vaudoise now owns 814 shares of the company's stock valued at $1,670,000 after buying an additional 264 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of MercadoLibre by 268.1% in the third quarter. Avior Wealth Management LLC now owns 173 shares of the company's stock valued at $355,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

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Wall Street Analyst Weigh In

MELI has been the subject of a number of research reports. Susquehanna increased their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and upped their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Bank of America lifted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. Citigroup dropped their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, MercadoLibre presently has a consensus rating of "Buy" and an average price target of $2,402.81.

MercadoLibre Stock Performance

MercadoLibre stock traded up $56.99 during trading hours on Tuesday, hitting $2,191.30. The company had a trading volume of 429,408 shares, compared to its average volume of 363,563. The firm has a 50-day moving average of $2,005.48 and a 200 day moving average of $1,971.33. 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 firm has a market cap of $111.09 billion, a PE ratio of 58.12, a PEG ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. On average, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.