Infusive Asset Management Inc. Invests $401,000 in MercadoLibre, Inc. (NASDAQ:MELI)

Infusive Asset Management Inc. acquired a new position 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 institutional investor acquired 236 shares of the company’s stock, valued at approximately $401,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Human Investing LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. increased its position in MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after buying an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after buying an additional 8 shares during the last quarter. Covestor Ltd acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter valued at $32,000. 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 research reports. Citigroup restated a “buy” rating on shares of MercadoLibre in a research note on Tuesday. Barclays upped their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley decreased their price target on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group increased their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Two 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. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Buy” and a consensus target price of $2,415.94.

MercadoLibre Stock Performance

NASDAQ:MELI opened at $2,099.37 on Friday. The stock’s 50-day moving average is $2,042.00 and its 200-day moving average is $1,959.90. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,374.54. 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 stock has a market cap of $106.43 billion, a P/E ratio of 55.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

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, beating 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 firm had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current 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.