MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Vestor Capital LLC

Vestor Capital LLC lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 10.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 88 shares of the company’s stock after purchasing an additional 8 shares during the quarter. Vestor Capital LLC’s holdings in MercadoLibre were worth $138,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of MercadoLibre by 99.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock valued at $67,900,000 after acquiring an additional 26,679 shares during the period. Townsquare Capital LLC raised its position in MercadoLibre by 0.9% in the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock valued at $1,964,000 after purchasing an additional 14 shares during the period. California Public Employees Retirement System lifted its stake in shares of MercadoLibre by 1.5% during the third quarter. California Public Employees Retirement System now owns 89,312 shares of the company’s stock worth $113,237,000 after purchasing an additional 1,277 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of MercadoLibre by 2.3% during the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock worth $226,716,000 after purchasing an additional 4,065 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of MercadoLibre by 112,333.8% in the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after buying an additional 146,034 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MELI traded down $21.38 during trading hours on Thursday, hitting $1,695.40. 473,876 shares of the stock were exchanged, compared to its average volume of 407,024. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The stock has a 50-day simple moving average of $1,504.54 and a 200-day simple moving average of $1,550.32. The stock has a market cap of $85.95 billion, a price-to-earnings ratio of 75.86, a price-to-earnings-growth ratio of 1.09 and a beta of 1.45.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the firm posted $3.97 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. Analysts anticipate that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on MELI. UBS Group reduced their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Susquehanna boosted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Citigroup lowered their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Barclays cut their price objective 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. Finally, StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,805.00.

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.