MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,533 shares of the company’s stock after acquiring an additional 352 shares during the quarter. Xponance Inc.’s holdings in MercadoLibre were worth $4,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MELI. Swedbank AB lifted its holdings in shares of MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Empowered Funds LLC lifted its stake in MercadoLibre by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 697 shares of the company’s stock worth $1,430,000 after acquiring an additional 35 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock valued at $404,000 after acquiring an additional 21 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of MercadoLibre by 48.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 814 shares of the company’s stock valued at $1,670,000 after purchasing an additional 264 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of MercadoLibre by 268.1% in the 3rd quarter. Avior Wealth Management LLC now owns 173 shares of the company’s stock valued at $355,000 after purchasing an additional 126 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Bank of America boosted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. The Goldman Sachs Group increased their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Cantor Fitzgerald boosted their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their target price 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. Two equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Trading Up 0.1 %

Shares of NASDAQ:MELI opened at $2,067.57 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock’s 50-day moving average is $1,990.86 and its 200-day moving average is $1,970.70. The company has a market cap of $104.82 billion, a P/E ratio of 54.84, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.94 billion. Equities research analysts predict 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.