Ameritas Investment Partners Inc. Boosts Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Ameritas Investment Partners Inc. lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,472 shares of the company’s stock after acquiring an additional 6 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in MercadoLibre were worth $2,419,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Amalgamated Bank raised its position in shares of MercadoLibre by 22.2% in the 4th quarter. Amalgamated Bank now owns 55 shares of the company’s stock valued at $86,000 after purchasing an additional 10 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in MercadoLibre by 40.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 513 shares of the company’s stock valued at $861,000 after acquiring an additional 149 shares in the last quarter. Brown Advisory Inc. boosted its stake in MercadoLibre by 2.3% during the 4th quarter. Brown Advisory Inc. now owns 545 shares of the company’s stock valued at $856,000 after acquiring an additional 12 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in MercadoLibre during the 4th quarter worth $446,000. Finally, Trexquant Investment LP bought a new stake in shares of MercadoLibre in the 4th quarter worth about $3,088,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of MercadoLibre in a research report on Thursday, September 5th. They set an “overweight” rating and a $2,530.00 price target on the stock. Barclays lifted their target price on MercadoLibre from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Bank of America upped their price target on MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Susquehanna boosted their target price on shares of MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a research note on Wednesday, August 28th. Finally, Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus price target of $2,207.31.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,103.75 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $1,899.17 and its two-hundred day moving average is $1,691.54. The firm has a market capitalization of $106.65 billion, a P/E ratio of 94.13, a PEG ratio of 1.33 and a beta of 1.61. MercadoLibre, Inc. has a 52 week low of $1,141.04 and a 52 week high of $2,157.64.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, beating the consensus estimate of $8.53 by $1.95. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the business earned $5.16 EPS. The firm’s revenue for the quarter was up 41.5% on a year-over-year basis. Analysts anticipate that MercadoLibre, Inc. will post 35.22 earnings per share for the current 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.