SG Americas Securities LLC lifted its position in MercadoLibre (NASDAQ:MELI) by 59.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,338 shares of the company’s stock after purchasing an additional 1,248 shares during the quarter. SG Americas Securities LLC’s holdings in MercadoLibre were worth $1,190,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global X Management Co. LLC grew its holdings in shares of MercadoLibre by 20.0% in the 4th quarter. Global X Management Co. LLC now owns 155,469 shares of the company’s stock worth $48,920,000 after purchasing an additional 25,904 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of MercadoLibre by 19,104.0% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 9,602 shares of the company’s stock worth $425,000 after purchasing an additional 9,552 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of MercadoLibre by 9.4% in the 4th quarter. Jennison Associates LLC now owns 831,137 shares of the company’s stock worth $261,526,000 after purchasing an additional 71,206 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of MercadoLibre by 2.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 131,884 shares of the company’s stock worth $41,499,000 after purchasing an additional 2,932 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of MercadoLibre in the 4th quarter worth about $202,000. 88.75% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ MELI opened at $294.76 on Wednesday. The stock has a market cap of $12.83 billion, a P/E ratio of 116.51 and a beta of 2.08. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.18 and a current ratio of 1.18. MercadoLibre has a 12-month low of $217.06 and a 12-month high of $417.91.
MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.35). The company had revenue of $436.98 million for the quarter, compared to analyst estimates of $404.74 million. MercadoLibre had a positive return on equity of 13.98% and a negative net margin of 3.30%. sell-side analysts forecast that MercadoLibre will post 1.29 earnings per share for the current fiscal year.
MELI has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $415.00 target price (up previously from $350.00) on shares of MercadoLibre in a report on Sunday, January 28th. Zacks Investment Research raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $433.00 target price on the stock in a report on Wednesday, January 31st. BidaskClub downgraded shares of MercadoLibre from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 8th. Goldman Sachs reiterated a “neutral” rating and set a $378.00 price target (up previously from $222.00) on shares of MercadoLibre in a research report on Thursday, February 8th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $415.00 price target on shares of MercadoLibre in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. MercadoLibre presently has a consensus rating of “Hold” and a consensus target price of $342.55.
MercadoLibre Company Profile
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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