Argentarii LLC Acquires Shares of 127 MercadoLibre, Inc. (NASDAQ:MELI)

Argentarii LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, HoldingsChannel reports. The fund acquired 127 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MELI. Swedbank AB grew its holdings in MercadoLibre by 352.8% in the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after buying an additional 73,336 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of MercadoLibre during the 3rd quarter worth $293,000. Washington Trust Advisors Inc. grew its holdings in shares of MercadoLibre by 1,100.0% during the 3rd quarter. Washington Trust Advisors Inc. now owns 36 shares of the company’s stock worth $73,000 after purchasing an additional 33 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of MercadoLibre by 62.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 575 shares of the company’s stock worth $1,180,000 after purchasing an additional 220 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of MercadoLibre by 11.1% during the 3rd quarter. Assetmark Inc. now owns 4,042 shares of the company’s stock worth $8,294,000 after purchasing an additional 404 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Price Performance

MercadoLibre stock opened at $2,009.34 on Monday. 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 company has a market capitalization of $101.87 billion, a PE ratio of 53.30, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The stock has a 50-day moving average price of $1,942.41 and a two-hundred day moving average price of $1,969.65.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating the consensus estimate of $10.21 by $2.40. The firm had revenue of $6.06 billion during 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%. Analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays increased their target price on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and increased their target price for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Wedbush reduced their target price 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. Finally, Morgan Stanley reduced their target price on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Buy” and an average target price 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.