MercadoLibre, Inc. (NASDAQ:MELI) is Wisconsin Capital Management LLC’s 10th Largest Position

Wisconsin Capital Management LLC cut its position in MercadoLibre, Inc. (NASDAQ:MELI) by 1.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,350 shares of the company’s stock after selling 62 shares during the period. MercadoLibre makes up 3.1% of Wisconsin Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Wisconsin Capital Management LLC’s holdings in MercadoLibre were worth $5,696,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in MercadoLibre by 11.9% during the third quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock worth $404,000 after purchasing an additional 21 shares during the period. CreativeOne Wealth LLC purchased a new stake in MercadoLibre during the 3rd quarter worth approximately $273,000. Paloma Partners Management Co lifted its holdings in MercadoLibre by 42.3% during the 3rd quarter. Paloma Partners Management Co now owns 279 shares of the company’s stock worth $572,000 after buying an additional 83 shares in the last quarter. Aureus Asset Management LLC purchased a new position in MercadoLibre in the 3rd quarter valued at approximately $228,000. Finally, Benjamin Edwards Inc. acquired a new position in shares of MercadoLibre in the third quarter worth $2,172,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 1.8 %

MELI opened at $1,915.00 on Wednesday. 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 business’s 50 day moving average is $2,032.29 and its two-hundred day moving average is $1,970.87. The firm has a market cap of $97.08 billion, a price-to-earnings ratio of 50.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. The Goldman Sachs Group increased their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Bank of America upped their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, Raymond James upgraded shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target for the company in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MercadoLibre has an average rating of “Buy” and a consensus target price of $2,402.81.

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.