MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by US Bancorp DE

US Bancorp DE boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,872 shares of the company's stock after purchasing an additional 9,354 shares during the quarter. US Bancorp DE's holdings in MercadoLibre were worth $38,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planning Capital Management Corp boosted its holdings in shares of MercadoLibre by 9.1% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the company's stock valued at $123,000 after buying an additional 5 shares in the last quarter. Mount Lucas Management LP boosted its stake in MercadoLibre by 3.6% in the third quarter. Mount Lucas Management LP now owns 143 shares of the company's stock valued at $293,000 after acquiring an additional 5 shares in the last quarter. Nvwm LLC grew its holdings in MercadoLibre by 0.5% in the fourth quarter. Nvwm LLC now owns 1,137 shares of the company's stock worth $1,933,000 after purchasing an additional 6 shares during the last quarter. Perigon Wealth Management LLC grew its stake in MercadoLibre by 0.7% during the 4th quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after buying an additional 7 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in MercadoLibre by 17.9% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock valued at $78,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 2.6 %

MercadoLibre stock traded up $52.90 during trading on Wednesday, reaching $2,112.77. 333,010 shares of the company were exchanged, compared to its average volume of 382,065. The stock's 50 day simple moving average is $1,930.48 and its two-hundred day simple moving average is $1,969.77. The company has a market capitalization of $107.11 billion, a P/E ratio of 56.04, a PEG ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54.

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, 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 business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. On average, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MELI shares. Citigroup decreased their target price on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Wedbush lowered their target price on 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. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Raymond James raised MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 price objective on the stock in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $2,402.81.

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.