Vinva Investment Management Ltd Sells 257 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Vinva Investment Management Ltd lessened its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,879 shares of the company's stock after selling 257 shares during the period. Vinva Investment Management Ltd's holdings in MercadoLibre were worth $6,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of MercadoLibre in the third quarter worth $114,417,000. Principal Financial Group Inc. raised its holdings in shares of MercadoLibre by 20.9% in the 3rd quarter. Principal Financial Group Inc. now owns 59,430 shares of the company's stock valued at $121,948,000 after acquiring an additional 10,272 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of MercadoLibre by 37.8% during the 4th quarter. Nordea Investment Management AB now owns 157,688 shares of the company's stock valued at $271,897,000 after acquiring an additional 43,215 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of MercadoLibre by 11.7% during the 4th 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 during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of MercadoLibre by 40.0% during 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 in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

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MercadoLibre Trading Up 1.3 %

Shares of NASDAQ MELI traded up $27.70 during midday trading on Friday, hitting $2,095.27. 441,808 shares of the company traded hands, compared to its average volume of 363,609. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The firm has a market cap of $106.22 billion, a P/E ratio of 55.58, a P/E/G ratio of 1.12 and a beta of 1.64. The stock has a 50-day moving average price of $1,997.59 and a 200 day moving average price of $1,970.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 51.89% and a net margin of 9.20%. The business 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MELI shares. JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Cantor Fitzgerald increased their target price 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. Citigroup lowered their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. Finally, Wedbush cut their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating for the company in a report on Monday, January 6th. Two investment 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 MarketBeat, the company has an average rating of "Buy" and a consensus target price 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.