GS Investments Inc. Boosts Stake in MercadoLibre, Inc. (NASDAQ:MELI)

GS Investments Inc. increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 183.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,330 shares of the company’s stock after acquiring an additional 860 shares during the quarter. GS Investments Inc.’s holdings in MercadoLibre were worth $2,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB raised its position in shares of MercadoLibre by 352.8% in the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Empowered Funds LLC boosted its stake in MercadoLibre by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 697 shares of the company’s stock valued at $1,430,000 after acquiring an additional 35 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in MercadoLibre by 11.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 197 shares of the company’s stock worth $404,000 after acquiring an additional 21 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in MercadoLibre by 48.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 814 shares of the company’s stock worth $1,670,000 after acquiring an additional 264 shares in the last quarter. Finally, West Family Investments Inc. acquired a new stake in shares of MercadoLibre in the 3rd quarter valued at about $228,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MELI shares. Wedbush decreased their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a research note on Monday, January 6th. Citigroup decreased their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Barclays raised their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price on the stock in a research report on Tuesday, January 21st. Finally, New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Trading Up 3.2 %

Shares of MercadoLibre stock opened at $2,065.94 on Thursday. The business has a fifty day simple moving average of $1,984.29 and a 200-day simple moving average of $1,970.03. The firm has a market cap of $104.74 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two 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.

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