Blair William & Co. IL Raises Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Blair William & Co. IL increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 54.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,512 shares of the company’s stock after acquiring an additional 1,232 shares during the period. Blair William & Co. IL’s holdings in MercadoLibre were worth $5,972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MELI. 1620 Investment Advisors Inc. increased its position in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company’s stock worth $346,000 after purchasing an additional 5 shares in the last quarter. Nvwm LLC increased its position in MercadoLibre by 0.5% during the 4th quarter. Nvwm LLC now owns 1,137 shares of the company’s stock valued at $1,933,000 after buying an additional 6 shares in the last quarter. Perigon Wealth Management LLC raised its stake in MercadoLibre by 0.7% in the fourth quarter. Perigon Wealth Management LLC now owns 957 shares of the company’s stock valued at $1,758,000 after buying an additional 7 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in MercadoLibre by 17.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company’s stock valued at $78,000 after buying an additional 7 shares during the last quarter. Finally, Savant Capital LLC boosted its holdings in MercadoLibre by 2.3% in the fourth quarter. Savant Capital LLC now owns 308 shares of the company’s stock worth $524,000 after acquiring an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 research note on Tuesday, January 21st. Susquehanna upped their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Barclays lifted their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, MercadoLibre presently has an average rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $2,048.07 on Monday. The company has a market capitalization of $103.83 billion, a PE ratio of 54.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. 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 company’s fifty day moving average price is $2,028.39 and its 200 day moving average price is $1,973.66. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. On average, research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre 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.