Ignite Planners LLC increased its shares in MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) by 14.8% in the fourth quarter, according to its latest disclosure to the SEC. The company owned his 1,045 shares of the company’s stock after purchasing an additional 135 of his shares during the period. Ignite Planners LLC’s MercadoLibre holdings were valued at $1,276,000 as of the latest SEC filing.
Other big investors have also recently changed positions in the company. SG Americas Securities LLC increased his MercadoLibre stake by 30.9% in the fourth quarter. SG Americas Securities LLC now owns 4,966 shares of the company worth $4,202,000 after purchasing an additional 1,173 of his shares last quarter. Sonnipe Ltd bought a new stake in his MercadoLibre worth about $35,000 in the fourth quarter. Raymond James Trust NA bought new shares in his MercadoLibre worth about $207,000 in the fourth quarter. Nisa Investment Advisors LLC purchased a new MercadoLibre position worth approximately $2,165,000 in the fourth quarter. Finally, Forsta AP Fonden increased its MercadoLibre holding by 24.1% in the fourth quarter. Forsta AP Fonden now owns 10,300 shares of the company worth $8,716,000 after purchasing an additional 2,000 of his shares last quarter. 80.49% of the shares are owned by hedge funds and other institutional investors.
Analyst upgrades and downgrades
MELI has been the subject of several research analyst reports. Citigroup raised its price target on MercadoLibre stock from $1,100.00 to $1,460.00 in its research notes on Friday, March 3. Morgan Stanley raised its price target for MercadoLibre from her $1,620.00 to $1,770.00 in a research note on Friday, March 31. Barclays raised its price target on MercadoLibre to $1,525.00 from his $1,475.00, giving the company an “overweight” rating in its report on Thursday, April 13. TheStreet upgraded MercadoLibre’s stock from a ‘c’ rating to a ‘b-‘ rating in its research notes on Wednesday, February 15. Finally, Credit Suisse Group raised its price target for MercadoLibre shares from $1,450.00 to $1,685.00 in its research notes on Tuesday, February 21, giving the stock an “Outperform” rating. Three equity research analysts rated the stock with a hold rating and six assigned a buy rating to the company’s stock. Based on MarketBeat data, MercadoLibre’s current consensus rating is “moderate buy” with an average target price of $1,419.00.
MercadoLibre deal down 0.6%
MercadoLibre shares fell $8.30 in intraday trading on Friday to reach $1,285.47. The company’s stock had a trading volume of 125,648 shares for him and an average trading volume of 501,581 shares for him. The company has a debt to equity ratio of 1.44, a quick ratio of 1.26 and a current ratio of 1.28. The company has a 50-day moving average of $1,213.51 and a 200-day moving average of $1,037.97. MercadoLibre, Inc. has a one-year low of $600.68 and a one-year high of $1,337.75. The stock has a market cap of $64.61 billion, a PE ratio of 135.62, a P/E/G ratio of 1.72 and a beta of 1.58.
MercadoLibre (NASDAQ:MELI – Get Rating) last reported quarterly results on Thursday, February 23rd. The company posted earnings per share of his $3.25 for the quarter, $1.14 above consensus expectations of $2.11. Revenue for the quarter was $3.0 billion, compared to consensus expectations of $2.96 billion. MercadoLibre posted a net profit margin of 4.57% and a return on equity of 29.09%. The company’s revenue increased by 40.8% year-on-year. In the same quarter last year, the company posted his earnings per share ($0.92). On average, research analysts expect MercadoLibre, Inc. to post 15.55 EPS this year.
Insider activity on MercadoLibre
In related news, director Emiliano Karemzuk sold 150 shares in the company on Tuesday, March 7th. The shares sold for an average of $1,256.00, with a total transaction value of $188,400.00. Following the closing of the sale, the directors now own 115 shares of the company directly, valued at approximately $144,440. The sale is disclosed in documents filed with the Securities and Exchange Commission and available on his website at the SEC. His 0.27% of shares are now owned by corporate insiders.
MercadoLibre, Inc is committed to developing online commerce platforms with a focus on e-commerce and related services. It operates through geographic segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and United States.
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