MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Goodman Advisory Group LLC

Goodman Advisory Group LLC raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 93.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 841 shares of the company’s stock after purchasing an additional 407 shares during the quarter. Goodman Advisory Group LLC’s holdings in MercadoLibre were worth $1,322,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Morgan Stanley lifted its position in shares of MercadoLibre by 10.2% during the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after purchasing an additional 236,744 shares in the last quarter. Jennison Associates LLC lifted its position in shares of MercadoLibre by 1.3% during the third quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock worth $2,831,721,000 after purchasing an additional 28,095 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of MercadoLibre by 74.8% during the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after purchasing an additional 497,535 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of MercadoLibre by 30.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock worth $401,841,000 after purchasing an additional 111,751 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of MercadoLibre by 6.1% during the third quarter. William Blair Investment Management LLC now owns 411,310 shares of the company’s stock worth $521,492,000 after purchasing an additional 23,699 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Up 0.2 %

MercadoLibre stock traded up $2.12 during mid-day trading on Wednesday, hitting $1,400.00. The company had a trading volume of 153,092 shares, compared to its average volume of 383,201. The stock has a market cap of $70.98 billion, a price-to-earnings ratio of 71.94, a PEG ratio of 0.91 and a beta of 1.44. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. 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 business has a fifty day moving average of $1,581.12 and a 200 day moving average of $1,524.73.

MercadoLibre (NASDAQ:MELI) 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 business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted $3.25 earnings per share. On average, sell-side analysts expect that MercadoLibre, Inc. will post 35.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MELI. Barclays reduced their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Citigroup reduced their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of MercadoLibre in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $1,806.15.

MercadoLibre Company 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.