Motley Fool Asset Management LLC Boosts Position in MercadoLibre, Inc. (NASDAQ:MELI)

Motley Fool Asset Management LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,035 shares of the company's stock after buying an additional 272 shares during the period. Motley Fool Asset Management LLC's holdings in MercadoLibre were worth $8,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $565,306,000. Norges Bank bought a new stake in MercadoLibre during the 4th quarter valued at $383,051,000. Strategic Financial Concepts LLC increased its stake in MercadoLibre by 169,952.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 181,956 shares of the company's stock valued at $309,405,000 after purchasing an additional 181,849 shares in the last quarter. Wellington Management Group LLP raised its holdings in MercadoLibre by 52.9% during the third quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock worth $717,525,000 after buying an additional 120,922 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of MercadoLibre in the third quarter valued at $114,417,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MELI shares. 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 report on Monday, January 6th. The Goldman Sachs Group increased their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Cantor Fitzgerald increased their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Two equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $2,402.81.

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MercadoLibre Trading Down 5.4 %

MELI traded down $104.26 on Friday, hitting $1,841.29. 852,116 shares of the company were exchanged, compared to its average volume of 382,455. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The firm has a fifty day simple moving average of $2,036.90 and a two-hundred day simple moving average of $1,967.86. The stock has a market capitalization of $93.35 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.06 billion for the quarter, compared to analysts' expectations of $5.94 billion. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

About MercadoLibre

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.