Achmea Investment Management B.V. Acquires 51 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Achmea Investment Management B.V. boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,623 shares of the company’s stock after acquiring an additional 51 shares during the period. Achmea Investment Management B.V.’s holdings in MercadoLibre were worth $6,160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB lifted its stake in MercadoLibre by 352.8% in the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after purchasing an additional 73,336 shares during the last quarter. Apollon Wealth Management LLC boosted its position in MercadoLibre by 19.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 427 shares of the company’s stock valued at $876,000 after acquiring an additional 71 shares in the last quarter. Empower Advisory Group LLC raised its holdings in MercadoLibre by 67.7% in the third quarter. Empower Advisory Group LLC now owns 696 shares of the company’s stock worth $1,428,000 after purchasing an additional 281 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in MercadoLibre by 1.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,609 shares of the company’s stock valued at $15,613,000 after acquiring an additional 135 shares in the last quarter. Finally, Pier 88 Investment Partners LLC lifted its holdings in shares of MercadoLibre by 165.9% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 2,313 shares of the company’s stock valued at $4,746,000 after purchasing an additional 1,443 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MELI. Barclays raised their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective on the stock in a report on Tuesday, January 21st. Citigroup reduced their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. 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. Finally, Cantor Fitzgerald raised their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Buy” and an average target price of $2,402.81.

MercadoLibre Stock Down 0.8 %

Shares of NASDAQ:MELI opened at $1,989.70 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 firm has a 50 day simple moving average of $1,963.24 and a 200-day simple moving average of $1,969.66. The company has a market capitalization of $100.87 billion, a PE ratio of 52.78, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a twelve month low of $1,324.99 and a twelve month high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) 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 the consensus estimate of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

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.