872 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Altshuler Shaham Ltd

Altshuler Shaham Ltd bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 872 shares of the company’s stock, valued at approximately $1,370,000.

Other hedge funds have also recently made changes to their positions in the company. WCM Investment Management LLC increased its stake 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 worth $1,838,964,000 after purchasing an additional 497,535 shares in the last quarter. Morgan Stanley lifted its holdings in shares of MercadoLibre by 10.2% during the 3rd quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after acquiring an additional 236,744 shares during the last quarter. International Assets Investment Management LLC raised its position in MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock valued at $229,703,000 after purchasing an additional 146,034 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in MercadoLibre by 108.1% in the third quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock worth $248,475,000 after buying an additional 101,757 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its stake in shares of MercadoLibre by 39.3% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 205,105 shares of the company’s stock valued at $322,331,000 after purchasing an additional 57,837 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded down $21.38 during mid-day trading on Thursday, reaching $1,695.40. 473,876 shares of the company traded hands, compared to its average volume of 407,024. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The firm has a market cap of $85.95 billion, a PE ratio of 75.86, a PEG ratio of 1.09 and a beta of 1.45. The company’s 50 day moving average price is $1,504.54 and its 200-day moving average price is $1,550.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating the consensus estimate of $6.64 by $0.14. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The company’s revenue was up 36.0% on a year-over-year basis. During the same period last year, the firm earned $3.97 EPS. On average, equities analysts expect that MercadoLibre, Inc. will post 34.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of recent research reports. Citigroup lowered their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Susquehanna lifted their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a report on Tuesday, April 23rd. UBS Group cut their price objective on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,805.00.

About MercadoLibre

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.