Milestones Administradora de Recursos Ltda. Grows Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Milestones Administradora de Recursos Ltda. increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 390.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,714 shares of the company's stock after acquiring an additional 2,957 shares during the period. MercadoLibre comprises about 3.2% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 9th largest holding. Milestones Administradora de Recursos Ltda.'s holdings in MercadoLibre were worth $6,315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MELI. Strategic Financial Concepts LLC raised its holdings in shares of MercadoLibre by 169,952.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 181,956 shares of the company's stock worth $309,405,000 after acquiring an additional 181,849 shares in the last quarter. FMR LLC raised its stake in shares of MercadoLibre by 18.6% during the 3rd quarter. FMR LLC now owns 878,996 shares of the company's stock worth $1,803,665,000 after purchasing an additional 137,564 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of MercadoLibre by 52.9% during the 3rd quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock valued at $717,525,000 after buying an additional 120,922 shares during the last quarter. Swedbank AB grew its stake in shares of MercadoLibre by 352.8% in the 3rd quarter. Swedbank AB now owns 94,123 shares of the company's stock valued at $193,137,000 after buying an additional 73,336 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of MercadoLibre by 3.9% in the 3rd quarter. Jennison Associates LLC now owns 1,873,919 shares of the company's stock valued at $3,845,207,000 after buying an additional 70,154 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MELI shares. Citigroup cut their price objective on shares of 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. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Wedbush lowered their target price on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Finally, Bank of America raised their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Two investment 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. Based on data from MarketBeat, MercadoLibre has a consensus rating of "Buy" and a consensus target price of $2,402.81.

MercadoLibre Stock Performance

Shares of MELI stock traded down $10.54 during mid-day trading on Tuesday, reaching $2,059.87. The stock had a trading volume of 310,304 shares, compared to its average volume of 383,084. The firm has a market cap of $104.43 billion, a PE ratio of 54.64, a P/E/G ratio of 1.12 and a beta of 1.62. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54. The firm's 50 day simple moving average is $1,916.76 and its 200 day simple moving average is $1,968.19.

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