MercadoLibre, Inc. (NASDAQ:MELI) Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,628 shares of the company's stock after buying an additional 2,900 shares during the quarter. Vanguard Group Inc. owned approximately 0.41% of MercadoLibre worth $349,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 1620 Investment Advisors Inc. grew its position in shares of MercadoLibre by 2.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after purchasing an additional 5 shares during the last quarter. Nvwm LLC increased its position in MercadoLibre by 0.5% during the fourth quarter. Nvwm LLC now owns 1,137 shares of the company's stock worth $1,933,000 after buying an additional 6 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of MercadoLibre by 0.7% in the fourth quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after acquiring an additional 7 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of MercadoLibre by 17.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock valued at $78,000 after acquiring an additional 7 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in shares of MercadoLibre by 2.3% during the fourth quarter. Savant Capital LLC now owns 308 shares of the company's stock valued at $524,000 after acquiring an additional 7 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

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MercadoLibre Stock Performance

NASDAQ:MELI traded down $104.26 during midday trading on Friday, reaching $1,841.29. 852,116 shares of the company traded hands, compared to its average volume of 382,455. The firm has a market capitalization of $93.35 billion, a price-to-earnings ratio of 48.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a fifty day moving average price of $2,036.90 and a 200 day moving average price of $1,967.86. 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 twelve month low of $1,324.99 and a twelve month high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced 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 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. On average, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James raised shares of MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research note on Tuesday, January 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Cantor Fitzgerald increased their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, Susquehanna increased their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Two 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 company has a consensus rating of "Buy" and an average 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.