MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by First National Bank of Hutchinson

First National Bank of Hutchinson raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 54.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 232 shares of the company’s stock after acquiring an additional 82 shares during the period. First National Bank of Hutchinson’s holdings in MercadoLibre were worth $395,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Royal London Asset Management Ltd. increased its holdings in shares of MercadoLibre by 8.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company’s stock valued at $438,232,000 after buying an additional 21,063 shares in the last quarter. GM Advisory Group LLC raised its position in shares of MercadoLibre by 439.6% during the fourth quarter. GM Advisory Group LLC now owns 723 shares of the company’s stock worth $1,229,000 after purchasing an additional 589 shares during the period. Investment House LLC lifted its holdings in shares of MercadoLibre by 6.7% during the fourth quarter. Investment House LLC now owns 14,711 shares of the company’s stock valued at $25,016,000 after purchasing an additional 928 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of MercadoLibre by 23.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,984 shares of the company’s stock valued at $5,074,000 after purchasing an additional 574 shares during the period. Finally, Bestgate Wealth Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth about $379,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MELI shares. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Wedbush decreased their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and increased their target price for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Finally, Barclays lifted their price objective on MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $2,402.81.

MercadoLibre Stock Up 3.2 %

NASDAQ MELI opened at $2,065.94 on Thursday. The stock has a market capitalization of $104.74 billion, a P/E ratio of 54.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock has a fifty day moving average of $1,984.29 and a 200-day moving average of $1,970.03.

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