Nisa Investment Advisors LLC Has $1.87 Million Stock Holdings in MercadoLibre, Inc. $MELI

Nisa Investment Advisors LLC boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 143.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 717 shares of the company’s stock after purchasing an additional 423 shares during the period. Nisa Investment Advisors LLC’s holdings in MercadoLibre were worth $1,874,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Jennison Associates LLC boosted its position in MercadoLibre by 1.6% during the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company’s stock valued at $2,251,531,000 after purchasing an additional 18,731 shares during the last quarter. Invesco Ltd. lifted its position in shares of MercadoLibre by 22.4% in the first quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock valued at $1,113,881,000 after buying an additional 104,554 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of MercadoLibre by 21.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company’s stock valued at $1,073,823,000 after buying an additional 96,283 shares during the last quarter. Generation Investment Management LLP lifted its position in shares of MercadoLibre by 3.3% in the first quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock valued at $1,035,061,000 after buying an additional 16,878 shares during the last quarter. Finally, GQG Partners LLC lifted its position in shares of MercadoLibre by 23.5% in the first quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock valued at $901,058,000 after buying an additional 87,912 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,360.76 on Friday. The stock has a market cap of $119.69 billion, a P/E ratio of 57.61, a PEG ratio of 1.56 and a beta of 1.46. The stock has a 50 day simple moving average of $2,312.61 and a 200 day simple moving average of $2,368.72. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The firm had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same period in the previous year, the business posted $7.83 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. Research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on MercadoLibre in a research report on Monday, July 28th. They issued a “sector outperform” rating and a $3,500.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MercadoLibre in a research report on Wednesday, October 8th. Daiwa Capital Markets initiated coverage on MercadoLibre in a research report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price objective for the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $2,800.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Barclays lifted their price target on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,790.59.

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.