Vanguard Group Inc. Purchases 3,577 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Vanguard Group Inc. grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,392 shares of the company’s stock after purchasing an additional 3,577 shares during the quarter. Vanguard Group Inc. owned approximately 0.36% of MercadoLibre worth $286,636,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC increased its position in MercadoLibre by 0.9% during the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock worth $1,964,000 after acquiring an additional 14 shares during the period. Vestor Capital LLC increased its position in MercadoLibre by 10.0% during the fourth quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after acquiring an additional 8 shares during the period. International Assets Investment Management LLC increased its position in MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after acquiring an additional 146,034 shares during the period. M&G Investment Management Ltd. bought a new position in MercadoLibre during the fourth quarter worth $7,882,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in MercadoLibre during the fourth quarter worth $7,057,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

MELI has been the topic of a number of research reports. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target on the stock in a research note on Tuesday, April 23rd. Barclays lifted their price target on shares of MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. UBS Group decreased their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Wedbush reiterated an “outperform” rating and set a $1,800.00 price target on shares of MercadoLibre in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $1,881.92.

MercadoLibre Stock Down 1.1 %

Shares of NASDAQ:MELI opened at $1,643.40 on Friday. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. The company’s fifty day moving average is $1,616.76 and its 200-day moving average is $1,607.27. The company has a market capitalization of $83.32 billion, a PE ratio of 73.53, a P/E/G ratio of 1.21 and a beta of 1.60.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.64 by $0.14. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.97 EPS. Equities research analysts predict that MercadoLibre, Inc. will post 33.81 earnings per share 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.