WP Advisors LLC Has $737,000 Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

WP Advisors LLC lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 6.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 469 shares of the company’s stock after selling 30 shares during the quarter. WP Advisors LLC’s holdings in MercadoLibre were worth $737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley grew its stake in MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after acquiring an additional 236,744 shares in the last quarter. Jennison Associates LLC grew its stake in MercadoLibre by 1.3% during the 3rd quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock valued at $2,831,721,000 after acquiring an additional 28,095 shares in the last quarter. WCM Investment Management LLC grew its stake in MercadoLibre by 74.8% during the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after acquiring an additional 497,535 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in MercadoLibre by 30.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock valued at $401,841,000 after acquiring an additional 111,751 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in MercadoLibre by 6.1% during the 3rd quarter. William Blair Investment Management LLC now owns 411,310 shares of the company’s stock valued at $521,492,000 after acquiring an additional 23,699 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MELI shares. Susquehanna lifted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. UBS Group lowered their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Barclays lowered their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,813.85.

View Our Latest Analysis on MercadoLibre

MercadoLibre Stock Down 1.0 %

Shares of MercadoLibre stock opened at $1,356.43 on Friday. The stock has a market capitalization of $68.77 billion, a P/E ratio of 69.42, a PEG ratio of 0.87 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $1,559.84 and a two-hundred day moving average price of $1,525.51. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00.

MercadoLibre (NASDAQ:MELIGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.25 EPS. Equities analysts expect that MercadoLibre, Inc. will post 35.77 earnings per share for the current year.

About MercadoLibre

(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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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