Oliver Lagore Vanvalin Investment Group Grows Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Oliver Lagore Vanvalin Investment Group raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 38.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757 shares of the company’s stock after buying an additional 212 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in MercadoLibre were worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake 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 in the last quarter. Jennison Associates LLC increased its stake in MercadoLibre by 1.3% during the 3rd quarter. Jennison Associates LLC now owns 2,233,430 shares of the company’s stock valued at $2,831,721,000 after purchasing an additional 28,095 shares in the last quarter. WCM Investment Management LLC increased its stake in MercadoLibre by 74.8% during the 4th quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock valued at $1,838,964,000 after purchasing an additional 497,535 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in MercadoLibre by 30.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 474,855 shares of the company’s stock valued at $401,841,000 after purchasing an additional 111,751 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in MercadoLibre by 6.1% during the 3rd quarter. William Blair Investment Management LLC now owns 411,310 shares of the company’s stock valued at $521,492,000 after purchasing an additional 23,699 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 1.3 %

MercadoLibre stock traded down $17.49 during midday trading on Thursday, hitting $1,380.37. 214,850 shares of the stock were exchanged, compared to its average volume of 385,039. MercadoLibre, Inc. has a fifty-two week low of $1,063.02 and a fifty-two week high of $1,825.00. The stock has a market capitalization of $69.98 billion, a price-to-earnings ratio of 71.54, a PEG ratio of 0.90 and a beta of 1.44. The stock’s 50-day simple moving average is $1,574.80 and its 200 day simple moving average is $1,523.84. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data 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). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. MercadoLibre’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.25 earnings per share. On average, equities analysts anticipate that MercadoLibre, Inc. will post 35.77 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on MELI. UBS Group cut their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup cut their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Wedbush restated an “outperform” rating and set a $2,000.00 price target on shares of MercadoLibre in a research note on Tuesday, March 5th. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, Barclays dropped their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,813.85.

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.