MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 92.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,964 shares of the company’s stock after purchasing an additional 1,424 shares during the quarter. Headlands Technologies LLC’s holdings in MercadoLibre were worth $5,040,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in MercadoLibre by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 59,680 shares of the company’s stock worth $98,723,000 after purchasing an additional 1,549 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $1,753,000. HighPoint Advisor Group LLC lifted its position in shares of MercadoLibre by 35.3% during the 4th quarter. HighPoint Advisor Group LLC now owns 437 shares of the company’s stock worth $743,000 after buying an additional 114 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of MercadoLibre by 15.6% in the 4th quarter. Summit Financial LLC now owns 2,831 shares of the company’s stock valued at $4,814,000 after buying an additional 383 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in MercadoLibre by 30.3% during the 4th quarter. Alliancebernstein L.P. now owns 126,895 shares of the company’s stock worth $215,777,000 after acquiring an additional 29,529 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MELI. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Cantor Fitzgerald upped their target price on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Wedbush cut their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. Susquehanna increased their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Buy” and an average price target of $2,402.81.

MercadoLibre Trading Down 4.7 %

NASDAQ MELI opened at $1,950.87 on Tuesday. 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 stock has a market capitalization of $98.90 billion, a P/E ratio of 51.75, a P/E/G ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. The firm has a 50-day moving average price of $2,030.68 and a 200 day moving average price of $1,972.33.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS 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.