Quest Partners LLC Makes New $288,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Quest Partners LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 183 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MELI. Envestnet Asset Management Inc. grew its holdings in MercadoLibre by 99.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock worth $67,900,000 after acquiring an additional 26,679 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of MercadoLibre by 0.9% in the 3rd quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock worth $1,964,000 after purchasing an additional 14 shares during the period. Vestor Capital LLC boosted its stake in shares of MercadoLibre by 10.0% during the fourth quarter. Vestor Capital LLC now owns 88 shares of the company’s stock valued at $138,000 after purchasing an additional 8 shares in the last quarter. Vanguard Group Inc. increased its holdings in MercadoLibre by 2.3% during the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock valued at $226,716,000 after buying an additional 4,065 shares during the period. Finally, International Assets Investment Management LLC increased its holdings 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 buying an additional 146,034 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MELI shares. Citigroup dropped their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. UBS Group dropped their price objective on 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. New Street Research lowered MercadoLibre from a “buy” rating to a “neutral” rating in a research note on Friday. Wedbush reissued an “outperform” rating and set a $1,800.00 price target on shares of MercadoLibre in a research report on Friday, May 3rd. Finally, StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,881.92.

MercadoLibre Stock Down 0.8 %

NASDAQ:MELI opened at $1,693.57 on Friday. The company has a market cap of $85.86 billion, a PE ratio of 75.77, a P/E/G ratio of 1.24 and a beta of 1.45. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $1,546.28 and its two-hundred day moving average is $1,588.46.

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