MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 13.6% during the fourth quarter, HoldingsChannel reports. The fund owned 2,027 shares of the company’s stock after buying an additional 243 shares during the period. Impax Asset Management Group plc’s holdings in MercadoLibre were worth $3,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in MercadoLibre by 9.7% during the fourth quarter. IFP Advisors Inc now owns 349 shares of the company’s stock worth $593,000 after acquiring an additional 31 shares during the period. Waverton Investment Management Ltd grew its holdings in MercadoLibre by 1.1% during the fourth quarter. Waverton Investment Management Ltd now owns 21,358 shares of the company’s stock worth $36,334,000 after acquiring an additional 222 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in MercadoLibre by 79.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 4,892 shares of the company’s stock worth $8,319,000 after acquiring an additional 2,164 shares during the period. Union Bancaire Privee UBP SA acquired a new position in MercadoLibre during the fourth quarter worth $1,493,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in MercadoLibre by 7.0% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 10,660 shares of the company’s stock worth $18,127,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. JPMorgan Chase & Co. decreased their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Wedbush decreased their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. BTIG Research decreased their target price on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, New Street Research upgraded 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 research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2,364.06.

MercadoLibre Stock Down 1.6 %

Shares of NASDAQ:MELI opened at $2,223.35 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. The stock’s fifty day simple moving average is $1,875.83 and its 200-day simple moving average is $1,960.50. The company has a market capitalization of $112.72 billion, a P/E ratio of 58.97, a P/E/G ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $5.94 billion. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares in the company, valued at $472,425.24. This represents a 17.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.