Nisa Investment Advisors LLC Acquires 18 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Nisa Investment Advisors LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,381 shares of the company’s stock after acquiring an additional 18 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MercadoLibre were worth $2,170,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Salem Investment Counselors Inc. raised its stake in shares of MercadoLibre by 500.0% in the third quarter. Salem Investment Counselors Inc. now owns 24 shares of the company’s stock valued at $30,000 after buying an additional 20 shares during the period. Proffitt & Goodson Inc. bought a new stake in shares of MercadoLibre in the third quarter valued at $32,000. Castleview Partners LLC raised its stake in shares of MercadoLibre by 58.8% in the second quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after buying an additional 10 shares during the period. NBC Securities Inc. bought a new stake in shares of MercadoLibre in the third quarter valued at $35,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of MercadoLibre in the third quarter valued at $36,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,444.14 on Friday. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The business has a 50-day simple moving average of $1,594.55 and a 200 day simple moving average of $1,520.95. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock has a market cap of $73.22 billion, a price-to-earnings ratio of 73.91, a PEG ratio of 0.97 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the firm earned $3.25 EPS. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, research analysts forecast that MercadoLibre, Inc. will post 35.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Susquehanna boosted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Barclays reduced their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and issued a $2,000.00 price target on shares of MercadoLibre in a research report on Tuesday, March 5th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup reduced their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,806.15.

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.