State of New Jersey Common Pension Fund D Purchases 461 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

State of New Jersey Common Pension Fund D raised its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,844 shares of the company's stock after purchasing an additional 461 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of MercadoLibre worth $54,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Americana Partners LLC increased its stake in shares of MercadoLibre by 41.0% in the fourth quarter. Americana Partners LLC now owns 1,371 shares of the company's stock valued at $2,331,000 after purchasing an additional 399 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of MercadoLibre by 1.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 1,382 shares of the company's stock valued at $2,350,000 after purchasing an additional 23 shares during the period. Csenge Advisory Group increased its stake in shares of MercadoLibre by 2.7% during the fourth quarter. Csenge Advisory Group now owns 1,160 shares of the company's stock valued at $1,972,000 after acquiring an additional 30 shares during the period. Nkcfo LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at approximately $170,000. Finally, Allworth Financial LP increased its stake in shares of MercadoLibre by 102.7% during the fourth quarter. Allworth Financial LP now owns 687 shares of the company's stock valued at $1,250,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Insiders Place Their Bets

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the transaction, the director now owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

MercadoLibre Stock Up 1.7 %

Shares of MercadoLibre stock traded up $34.68 on Thursday, hitting $2,110.47. 727,004 shares of the company traded hands, compared to its average volume of 344,303. The company has a 50-day moving average price of $1,853.78 and a 200 day moving average price of $1,951.83. 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 12-month low of $1,324.99 and a 12-month high of $2,161.73. The company has a market cap of $107.00 billion, a PE ratio of 74.47, a PEG ratio of 1.11 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 7.57% and a return on equity of 40.71%. Sell-side analysts predict that MercadoLibre, Inc. will post 32.98 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MELI. New Street Research upgraded shares of MercadoLibre from a "neutral" rating to a "buy" rating and raised their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 12th. Wedbush lowered their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Finally, Morgan Stanley lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $2,244.69.

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.