MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,503 shares of the company's stock after acquiring an additional 891 shares during the period. Jones Financial Companies Lllp's holdings in MercadoLibre were worth $5,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Human Investing LLC purchased a new position in MercadoLibre in the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. boosted 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 worth $27,000 after purchasing an additional 11 shares during the period. Brown Lisle Cummings Inc. increased its position in shares of MercadoLibre by 100.0% during 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. Heck Capital Advisors LLC purchased a new stake in MercadoLibre during the 4th quarter valued at $32,000. Finally, Mather Group LLC. lifted its position in MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after buying an additional 12 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 2.8 %

Shares of NASDAQ:MELI traded down $59.66 on Thursday, reaching $2,053.11. The company had a trading volume of 228,448 shares, compared to its average volume of 378,060. The firm has a market capitalization of $104.09 billion, a PE ratio of 54.46, a PEG 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, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. The firm's 50 day simple moving average is $1,930.48 and its 200-day simple moving average is $1,969.77.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.21 by $2.40. The company had revenue of $6.06 billion for 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%. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MELI shares. Barclays increased their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. The Goldman Sachs Group increased their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America boosted their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price target on the stock in a research note on Tuesday, January 21st. Finally, Morgan Stanley lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. 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 stock. According to data from MarketBeat.com, MercadoLibre has an average rating of "Buy" and an average target price of $2,402.81.

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.