MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Whittier Trust Co.

Whittier Trust Co. lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,607 shares of the company's stock after purchasing an additional 304 shares during the period. Whittier Trust Co.'s holdings in MercadoLibre were worth $2,733,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MELI. Nvwm LLC raised its stake in MercadoLibre by 0.5% in the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after purchasing an additional 6 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of MercadoLibre by 0.7% in the fourth quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock valued at $1,758,000 after buying an additional 7 shares during the last quarter. GPS Wealth Strategies Group LLC raised 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 buying an additional 7 shares during the last quarter. Savant Capital LLC boosted its position in MercadoLibre by 2.3% during the fourth quarter. Savant Capital LLC now owns 308 shares of the company's stock worth $524,000 after acquiring an additional 7 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its stake in MercadoLibre by 1.6% during the 4th quarter. Personal CFO Solutions LLC now owns 452 shares of the company's stock valued at $769,000 after acquiring an additional 7 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have weighed in on MELI shares. Citigroup decreased their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group upped their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Barclays lifted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and upped their price objective for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Buy" and a consensus target price of $2,402.81.

MercadoLibre Stock Up 2.7 %

Shares of MercadoLibre stock traded up $56.99 during trading hours on Tuesday, reaching $2,191.30. 429,408 shares of the company were exchanged, compared to its average volume of 364,162. The firm has a market cap of $111.09 billion, a PE ratio of 58.12, a PEG ratio of 1.12 and a beta of 1.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The stock's fifty day moving average is $2,014.23 and its 200 day moving average is $1,972.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 51.89% and a net margin of 9.20%. As a group, equities research analysts forecast 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.