Natixis Advisors L.P. Raises Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Natixis Advisors L.P. boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 55.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,731 shares of the company’s stock after buying an additional 7,031 shares during the period. Natixis Advisors L.P.’s holdings in MercadoLibre were worth $31,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in MercadoLibre during the fourth quarter valued at about $28,000. Archer Investment Corp purchased a new stake in shares of MercadoLibre during the fourth quarter valued at about $31,000. NBC Securities Inc. bought a new stake in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Larson Financial Group LLC purchased a new position in shares of MercadoLibre in the 4th quarter worth approximately $36,000. Finally, Blue Trust Inc. raised its stake in shares of MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after acquiring an additional 9 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MELI. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a research note on Tuesday, April 23rd. UBS Group decreased their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Wedbush restated an “outperform” rating and set a $1,800.00 price target on shares of MercadoLibre in a research note on Friday. Finally, Susquehanna upped their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,805.00.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $1,630.56 on Friday. The stock has a market cap of $82.67 billion, a price-to-earnings ratio of 72.96, a PEG ratio of 1.09 and a beta of 1.45. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The company has a 50 day simple moving average of $1,499.29 and a two-hundred day simple moving average of $1,537.76. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The company had revenue of $4.33 billion during 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 42.04%. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.97 earnings per share. As a group, analysts predict that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

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.