Moneda S.A. Administradora General de Fondos Buys 1,121 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Moneda S.A. Administradora General de Fondos lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,989 shares of the company’s stock after purchasing an additional 1,121 shares during the period. MercadoLibre accounts for 22.9% of Moneda S.A. Administradora General de Fondos’ holdings, making the stock its biggest holding. Moneda S.A. Administradora General de Fondos’ holdings in MercadoLibre were worth $22,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Alta Capital Management LLC lifted its holdings in shares of MercadoLibre by 5,670.5% during the fourth quarter. Alta Capital Management LLC now owns 7,444 shares of the company’s stock worth $12,658,000 after purchasing an additional 7,315 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of MercadoLibre by 38.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 33,832 shares of the company’s stock worth $57,529,000 after purchasing an additional 9,329 shares during the period. LGT Fund Management Co Ltd. lifted its holdings in shares of MercadoLibre by 200.0% during the fourth quarter. LGT Fund Management Co Ltd. now owns 360 shares of the company’s stock worth $612,000 after purchasing an additional 240 shares during the period. LGT Group Foundation acquired a new position in shares of MercadoLibre during the fourth quarter worth $1,784,000. Finally, DJE Kapital AG bought a new position in MercadoLibre during the fourth quarter worth $7,368,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Barclays lifted their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. BTIG Research lowered their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Citigroup lowered 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 research note on Tuesday, November 26th. Finally, Susquehanna lifted their target price 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. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $2,402.81.

MercadoLibre Trading Down 2.4 %

NASDAQ:MELI opened at $2,070.41 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The firm has a 50-day moving average of $1,916.76 and a 200-day moving average of $1,968.19. The company has a market cap of $104.96 billion, a PE ratio of 54.92, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54.

MercadoLibre (NASDAQ:MELI) last posted 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. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.