Nebula Research & Development LLC Has $3.61 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Nebula Research & Development LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 118.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,120 shares of the company's stock after acquiring an additional 1,151 shares during the quarter. MercadoLibre comprises about 0.4% of Nebula Research & Development LLC's investment portfolio, making the stock its 23rd biggest holding. Nebula Research & Development LLC's holdings in MercadoLibre were worth $3,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Human Investing LLC acquired a new stake in MercadoLibre during the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. boosted its stake 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. grew its holdings 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 acquiring an additional 8 shares during the last quarter. Covestor Ltd acquired a new stake in shares of MercadoLibre during the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre during the fourth quarter valued at $32,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on MELI shares. Bank of America boosted their price objective on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Susquehanna upped their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Barclays increased their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Wedbush lowered their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $2,464.67.

MercadoLibre Stock Up 1.0 %

Shares of NASDAQ:MELI traded up $21.04 on Friday, reaching $2,225.85. The company had a trading volume of 284,084 shares, compared to its average volume of 385,686. The stock has a 50-day moving average price of $2,050.36 and a 200 day moving average price of $1,965.16. MercadoLibre, Inc. has a twelve month low of $1,419.86 and a twelve 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 stock has a market capitalization 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.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $6.06 billion during 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, equities analysts expect 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.