MercadoLibre, Inc. (NASDAQ:MELI) Stake Raised by Amundi

Amundi increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,884 shares of the company's stock after buying an additional 1,309 shares during the quarter. Amundi owned about 0.22% of MercadoLibre worth $194,566,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Human Investing LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. raised its stake 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 worth $27,000 after buying an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. raised its stake in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in MercadoLibre in the 4th quarter valued at about $32,000. Finally, Mather Group LLC. lifted its stake in MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after purchasing an additional 12 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MELI has been the topic of several research reports. Citigroup dropped their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Susquehanna boosted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Finally, Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a report on Tuesday, January 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's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $2,402.81.

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MercadoLibre Trading Down 1.8 %

Shares of NASDAQ:MELI opened at $2,009.34 on Monday. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $101.87 billion, a P/E ratio of 53.30, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The firm has a fifty day moving average of $1,942.41 and a two-hundred day moving average of $1,969.65.

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

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