Moody National Bank Trust Division Buys 12 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Moody National Bank Trust Division raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 845 shares of the company’s stock after purchasing an additional 12 shares during the period. Moody National Bank Trust Division’s holdings in MercadoLibre were worth $1,278,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. WCM Investment Management LLC lifted its position in shares of MercadoLibre by 74.8% in the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after acquiring an additional 497,535 shares in the last quarter. Norges Bank purchased a new position in shares of MercadoLibre in the fourth quarter valued at about $554,386,000. Morgan Stanley lifted its position in shares of MercadoLibre by 10.2% in the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock valued at $3,243,832,000 after acquiring an additional 236,744 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of MercadoLibre by 112,333.8% in the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock valued at $229,703,000 after acquiring an additional 146,034 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of MercadoLibre by 1,432.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 127,355 shares of the company’s stock valued at $200,140,000 after acquiring an additional 119,043 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Susquehanna boosted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. New Street Research downgraded MercadoLibre from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,881.92.

MercadoLibre Trading Up 0.9 %

MELI opened at $1,573.40 on Thursday. The stock has a market cap of $79.77 billion, a price-to-earnings ratio of 70.40, a P/E/G ratio of 1.15 and a beta of 1.60. The stock’s 50 day moving average price is $1,586.69 and its 200-day moving average price is $1,605.60. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.84 billion. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The company’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.97 earnings per share. On average, equities analysts forecast that MercadoLibre, Inc. will post 33.81 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.