Natixis Has $3.01 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Natixis reduced its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,772 shares of the company's stock after selling 692 shares during the period. Natixis' holdings in MercadoLibre were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Human Investing LLC bought a new stake in MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. boosted its position in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 8 shares in the last quarter. Covestor Ltd bought a new stake in MercadoLibre during the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new stake in MercadoLibre during the fourth quarter worth $32,000. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MELI. Wedbush lowered their price target 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. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and increased their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Benchmark started coverage on shares of MercadoLibre in a report on Tuesday, April 15th. They set a "buy" rating and a $2,500.00 price target on the stock. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Finally, Raymond James upgraded shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $2,464.67.

MercadoLibre Trading Up 1.0 %

NASDAQ MELI traded up $21.04 during mid-day trading on Friday, reaching $2,225.85. 284,084 shares of the stock were exchanged, compared to its average volume of 385,220. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The stock has a market cap of $112.84 billion, a P/E ratio of 59.04, a P/E/G ratio of 1.12 and a beta of 1.62. The stock has a 50 day simple moving average of $2,047.82 and a 200-day simple moving average of $1,964.79. MercadoLibre, Inc. has a one year low of $1,341.00 and a one year high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced 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 company had revenue of $6.06 billion for the quarter, compared to the consensus estimate of $5.94 billion. On average, analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS 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.