MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,488 shares of the company’s stock after purchasing an additional 596 shares during the period. Silvercrest Asset Management Group LLC’s holdings in MercadoLibre were worth $12,732,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Human Investing LLC acquired a new stake in shares of MercadoLibre in the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. raised its holdings in shares of 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 purchasing an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after purchasing an additional 8 shares in the last quarter. Covestor Ltd bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $32,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MELI shares. Benchmark downgraded shares of MercadoLibre from a “buy” rating to a “cautious” rating in a report on Thursday, May 1st. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Barclays boosted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Friday. Finally, Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and a consensus target price of $2,521.33.

MercadoLibre Stock Performance

Shares of MELI opened at $2,584.92 on Friday. The company’s 50 day moving average price is $2,135.04 and its 200 day moving average price is $1,999.73. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,610.30. The company has a market capitalization of $131.05 billion, a PE ratio of 68.57, a PEG ratio of 1.12 and a beta of 1.61. 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 (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period in the previous year, the firm posted $6.78 earnings per share. The firm’s revenue was up 37.0% on a year-over-year basis. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.