526 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Altshuler Shaham Ltd

Altshuler Shaham Ltd acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 526 shares of the company’s stock, valued at approximately $894,000.

Other large investors have also bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of MercadoLibre during the third quarter valued at approximately $12,784,000. Anchor Investment Management LLC boosted its stake in MercadoLibre by 19.1% during the 3rd quarter. Anchor Investment Management LLC now owns 629 shares of the company’s stock valued at $1,291,000 after purchasing an additional 101 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of MercadoLibre by 35.7% in the 3rd quarter. World Investment Advisors LLC now owns 475 shares of the company’s stock worth $975,000 after purchasing an additional 125 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of MercadoLibre in the third quarter worth $977,000. Finally, Tidal Investments LLC lifted its holdings in shares of MercadoLibre by 59.7% during the third quarter. Tidal Investments LLC now owns 15,829 shares of the company’s stock valued at $32,480,000 after purchasing an additional 5,918 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MELI shares. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Barclays raised their target price 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. Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a report on Friday, February 21st. Morgan Stanley reduced their price objective on MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, New Street Research upgraded MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, MercadoLibre has an average rating of “Buy” and an average price target of $2,379.71.

MercadoLibre Price Performance

MELI stock opened at $2,064.37 on Thursday. The company has a market capitalization of $104.66 billion, a PE ratio of 54.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company’s fifty day moving average price is $2,040.86 and its 200-day moving average price is $1,959.57. MercadoLibre, Inc. has a one year low of $1,324.99 and a one year high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, beating the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, equities analysts anticipate 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.