6 days Ago By ABMN Staff
Vanguard Group Inc. increased its position in MercadoLibre, Inc. ( NASDAQ:MELI – Free Report ) by 1.
4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 205,628 shares of the company’s stock after buying an additional 2,900 shares during the period. Vanguard Group Inc.
owned about 0.41% of MercadoLibre worth $349,658,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Human Investing LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Pacific Capital Wealth Advisors Inc. increased its stake in 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 buying an additional 11 shares during the period.
Brown Lisle Cummings Inc. boosted its position in MercadoLibre by 100.0% in the 4th quarter.
Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 8 shares during the period. Heck Capital Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth about $32,000.
Finally, Mather Group LLC. increased its position in shares of MercadoLibre by 171.4% during the fourth quarter.
Mather Group LLC. now owns 19 shares of the company’s stock worth $32,000 after acquiring an additional 12 shares during the period. Institutional investors own 87.
62% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms recently weighed in on MELI. Wedbush lowered their price objective on shares of MercadoLibre from $2,200.
00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,150.
00 to $3,000.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Susquehanna boosted their price objective on shares of MercadoLibre from $2,350.
00 to $2,760.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and increased their target price for the company from $2,000.
00 to $2,300.00 in a research report on Thursday, January 30th. Finally, Bank of America upped their price objective on MercadoLibre from $2,500.
00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Two research 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 stock.
According to data from MarketBeat, MercadoLibre has a consensus rating of “Buy” and an average target price of $2,402.81. MercadoLibre Trading Up 0.
6 % Shares of MELI stock opened at $1,945.55 on Friday. The company has a current ratio of 1.
25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.
The company has a market capitalization of $98.63 billion, a P/E ratio of 51.61, a price-to-earnings-growth ratio of 1.
12 and a beta of 1.64. The business’s 50 day moving average is $2,036.
94 and its two-hundred day moving average is $1,970.44. MercadoLibre, Inc.
has a twelve month low of $1,324.99 and a twelve month high of $2,374.54.
MercadoLibre ( NASDAQ:MELI – Get Free Report ) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts’ consensus estimates of $10.
21 by $2.40. The firm had revenue of $6.
06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a return on equity of 51.
89% and a net margin of 9.20%. Equities analysts forecast that MercadoLibre, Inc.
will post 43.96 EPS for the current year. MercadoLibre Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc.
( NASDAQ:MELI – Free Report ). Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter .
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