Lido Advisors LLC Has $1.56 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Lido Advisors LLC lowered its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 920 shares of the company’s stock after selling 19 shares during the quarter. Lido Advisors LLC’s holdings in MercadoLibre were worth $1,564,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MELI. Anchor Investment Management LLC lifted its holdings in shares of MercadoLibre by 19.1% in the third quarter. Anchor Investment Management LLC now owns 629 shares of the company’s stock valued at $1,291,000 after purchasing an additional 101 shares in the last quarter. World Investment Advisors LLC raised its position in MercadoLibre by 35.7% during the third quarter. World Investment Advisors LLC now owns 475 shares of the company’s stock valued at $975,000 after buying an additional 125 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in MercadoLibre in the 3rd quarter worth about $977,000. Principal Financial Group Inc. boosted its position in MercadoLibre by 20.9% during the 3rd quarter. Principal Financial Group Inc. now owns 59,430 shares of the company’s stock worth $121,948,000 after acquiring an additional 10,272 shares during the period. Finally, GAMMA Investing LLC grew its stake in MercadoLibre by 123.1% during the 4th quarter. GAMMA Investing LLC now owns 29 shares of the company’s stock valued at $49,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of MercadoLibre in a research report on Thursday. New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Susquehanna upped their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Citigroup reissued a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald dropped their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,464.67.

MercadoLibre Stock Down 1.6 %

Shares of MELI stock opened at $2,294.52 on Friday. The company has a market capitalization of $116.33 billion, a price-to-earnings ratio of 60.86, a PEG ratio of 1.12 and a beta of 1.62. 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 simple moving average is $2,059.26 and its 200 day simple moving average is $1,972.15. MercadoLibre, Inc. has a twelve month low of $1,444.10 and a twelve month high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.