Trillium Asset Management LLC Buys 4,533 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Trillium Asset Management LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 82.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,060 shares of the company's stock after acquiring an additional 4,533 shares during the period. Trillium Asset Management LLC's holdings in MercadoLibre were worth $17,106,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MELI. Human Investing LLC bought a new stake in MercadoLibre in the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. raised its stake in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the period. Brown Lisle Cummings Inc. raised its stake in MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 8 shares during the period. Heck Capital Advisors LLC bought a new stake in MercadoLibre in the fourth quarter valued at approximately $32,000. Finally, Mather Group LLC. raised its stake in MercadoLibre by 171.4% in the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock valued at $32,000 after buying an additional 12 shares during the period. Institutional investors own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MELI. The Goldman Sachs Group upped their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Wedbush decreased their target price on 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. Susquehanna upped their target price on 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 MercadoLibre from a "neutral" rating to a "buy" rating and upped their target price for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald upped their target price 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. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $2,402.81.

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MercadoLibre Price Performance

NASDAQ MELI traded up $27.70 on Friday, hitting $2,095.27. 441,808 shares of the company's stock were exchanged, compared to its average volume of 363,609. The stock has a 50-day moving average of $1,997.59 and a 200-day moving average of $1,970.80. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54. The stock has a market cap of $106.22 billion, a price-to-earnings ratio of 55.58, a P/E/G ratio of 1.12 and a beta of 1.64.

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