MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 10.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,169 shares of the company’s stock after acquiring an additional 14,979 shares during the quarter. Artisan Partners Limited Partnership’s holdings in MercadoLibre were worth $275,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 1620 Investment Advisors Inc. increased its stake in MercadoLibre by 2.5% in the 4th 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 shares of MercadoLibre by 0.5% in the fourth quarter. Nvwm LLC now owns 1,137 shares of the company’s stock worth $1,933,000 after acquiring an additional 6 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of MercadoLibre by 0.7% during the fourth quarter. Perigon Wealth Management LLC now owns 957 shares of the company’s stock valued at $1,758,000 after acquiring an additional 7 shares during the period. GPS Wealth Strategies Group LLC lifted its position in shares of MercadoLibre by 17.9% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company’s stock valued at $78,000 after acquiring an additional 7 shares in the last quarter. Finally, Savant Capital LLC grew its position in MercadoLibre by 2.3% during the 4th quarter. Savant Capital LLC now owns 308 shares of the company’s stock worth $524,000 after purchasing an additional 7 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Down 5.3 %

Shares of MELI stock opened at $2,074.97 on Thursday. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The company has a market cap of $105.19 billion, a PE ratio of 55.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $2,018.97 and its two-hundred day moving average is $1,973.49.

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

Wall Street Analyst Weigh In

MELI has been the topic of a number of research analyst reports. Wedbush lowered their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and upped their target price for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. The Goldman Sachs Group increased their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Bank of America boosted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.