MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Nwam LLC

Nwam LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 18.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,880 shares of the company’s stock after acquiring an additional 290 shares during the period. Nwam LLC’s holdings in MercadoLibre were worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MELI. Swedbank AB increased its stake in shares of MercadoLibre by 352.8% during the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Allworth Financial LP grew its holdings in MercadoLibre by 21.1% during the 3rd quarter. Allworth Financial LP now owns 339 shares of the company’s stock valued at $696,000 after buying an additional 59 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in MercadoLibre by 62.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,187 shares of the company’s stock worth $8,592,000 after buying an additional 1,605 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of MercadoLibre in the third quarter worth $255,000. Finally, China Universal Asset Management Co. Ltd. lifted its position in shares of MercadoLibre by 110.8% in the third quarter. China Universal Asset Management Co. Ltd. now owns 643 shares of the company’s stock valued at $1,319,000 after acquiring an additional 338 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MELI shares. Wedbush dropped their price objective on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. Cantor Fitzgerald boosted their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Bank of America lifted their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Morgan Stanley reduced their price target on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $2,385.94.

MercadoLibre Stock Up 1.3 %

Shares of NASDAQ:MELI opened at $2,197.64 on Thursday. The company has a 50 day moving average of $1,892.64 and a two-hundred day moving average of $1,964.15. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $111.41 billion, a price-to-earnings ratio of 58.29, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Insider Activity at MercadoLibre

In other news, Director Emiliano Calemzuk sold 50 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the sale, the director now owns 238 shares of the company’s stock, valued at approximately $472,425.24. This trade represents a 17.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

MercadoLibre 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.