132 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Greenleaf Trust

Greenleaf Trust bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the third quarter, HoldingsChannel reports. The institutional investor bought 132 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors have also added to or reduced their stakes in MELI. GQG Partners LLC increased its stake in shares of MercadoLibre by 442.2% in the 1st quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock worth $1,201,679,000 after purchasing an additional 648,198 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock worth $1,167,073,000 after buying an additional 232,787 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of MercadoLibre in the second quarter worth about $2,913,000. Janus Henderson Group PLC lifted its position in shares of MercadoLibre by 55.8% during the 1st quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock valued at $557,225,000 after buying an additional 132,028 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of MercadoLibre by 12.7% during the 1st quarter. Capital World Investors now owns 845,749 shares of the company’s stock valued at $1,278,738,000 after acquiring an additional 95,029 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MELI. Redburn Atlantic started coverage on shares of MercadoLibre in a research note on Friday, October 11th. They set a “buy” rating and a $2,800.00 target price on the stock. Raymond James initiated coverage on shares of MercadoLibre in a research report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $2,530.00 price target on shares of MercadoLibre in a report on Monday, October 7th. Finally, Citigroup upped their price objective on MercadoLibre from $2,200.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,301.67.

MercadoLibre Trading Down 0.4 %

Shares of MELI opened at $2,047.35 on Friday. MercadoLibre, Inc. has a fifty-two week low of $1,162.73 and a fifty-two week high of $2,161.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The company’s fifty day moving average is $2,047.08 and its 200 day moving average is $1,781.70. The stock has a market capitalization of $103.80 billion, a PE ratio of 73.99, a P/E/G ratio of 1.26 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the firm earned $5.16 EPS. The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. Sell-side analysts expect that MercadoLibre, Inc. will post 37.55 earnings per share for the current fiscal year.

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.