MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,105 shares of the company’s stock after purchasing an additional 40 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in MercadoLibre were worth $1,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $28,000. Archer Investment Corp acquired a new position in MercadoLibre during the fourth quarter worth $31,000. Larson Financial Group LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at about $36,000. Proffitt & Goodson Inc. bought a new position in MercadoLibre during the third quarter worth about $32,000. Finally, Blue Trust Inc. boosted its stake in shares of MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after purchasing an additional 9 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wedbush lowered their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Wednesday. Susquehanna upped their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research report on Tuesday. Barclays cut their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Citigroup dropped their price target 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. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,790.36.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded down $4.38 during trading on Thursday, reaching $1,365.62. The stock had a trading volume of 118,118 shares, compared to its average volume of 382,989. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The stock has a fifty day simple moving average of $1,538.78 and a two-hundred day simple moving average of $1,528.66. The firm has a market capitalization of $69.24 billion, a price-to-earnings ratio of 70.11, a P/E/G ratio of 0.90 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm’s quarterly revenue 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. As a group, analysts anticipate that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

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.