MercadoLibre, Inc. $MELI Shares Acquired by Profund Advisors LLC

Profund Advisors LLC lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,993 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Profund Advisors LLC’s holdings in MercadoLibre were worth $8,043,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wilkinson Global Asset Management LLC raised its holdings in MercadoLibre by 2.3% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after purchasing an additional 5 shares during the period. Hardy Reed LLC grew its holdings in MercadoLibre by 4.0% in the third quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after purchasing an additional 5 shares during the period. Rothschild Investment LLC grew its holdings in MercadoLibre by 35.7% in the third quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares during the period. Interchange Capital Partners LLC increased its position in shares of MercadoLibre by 2.1% in the fourth quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock valued at $490,000 after buying an additional 5 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in shares of MercadoLibre by 2.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock valued at $605,000 after buying an additional 5 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,585.91 on Tuesday. The stock has a fifty day simple moving average of $1,731.09 and a 200-day simple moving average of $1,938.10. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The stock has a market cap of $80.40 billion, a PE ratio of 41.86, a P/E/G ratio of 0.95 and a beta of 1.41. MercadoLibre, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.75 by ($0.52). MercadoLibre had a net margin of 6.04% and a return on equity of 29.58%. The company had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the firm posted $9.74 earnings per share. The firm’s quarterly revenue was up 49.0% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 40.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MELI. Benchmark decreased their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. BTIG Research lowered their price objective on MercadoLibre from $2,400.00 to $2,150.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Barclays lowered their target price on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Morgan Stanley reduced their price objective on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Wedbush dropped their target price on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $2,255.33.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.