MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 183.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 151,234 shares of the company’s stock after acquiring an additional 97,955 shares during the quarter. Marshall Wace LLP owned 0.30% of MercadoLibre worth $257,164,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new stake in shares of MercadoLibre in the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. boosted its holdings in MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after buying an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after buying an additional 8 shares in the last quarter. Covestor Ltd acquired a new position in shares of MercadoLibre during the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MELI opened at $2,118.32 on Wednesday. The firm has a 50-day simple moving average of $2,039.51 and a two-hundred day simple moving average of $1,958.84. The stock has a market cap of $107.39 billion, a PE ratio of 56.19, a P/E/G ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. 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 (NASDAQ:MELI) last posted its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share 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 firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley reduced their price objective on MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Barclays upped 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 note on Friday, February 21st. Cantor Fitzgerald raised their target price on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup restated a “buy” rating on shares of MercadoLibre in a research report on Tuesday. Finally, New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of “Buy” and a consensus target price of $2,415.00.

MercadoLibre Company 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.