Headlands Technologies LLC Invests $2.56 Million in MercadoLibre, Inc. (NASDAQ:MELI)

Headlands Technologies LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,631 shares of the company’s stock, valued at approximately $2,563,000. MercadoLibre accounts for 0.8% of Headlands Technologies LLC’s holdings, making the stock its 20th biggest position.

Several other institutional investors also recently added to or reduced their stakes in MELI. Turtle Creek Wealth Advisors LLC bought a new position in MercadoLibre during the fourth quarter valued at about $28,000. Archer Investment Corp bought a new position in MercadoLibre during the fourth quarter valued at about $31,000. Proffitt & Goodson Inc. bought a new position in MercadoLibre during the third quarter valued at about $32,000. NBC Securities Inc. bought a new position in MercadoLibre during the third quarter valued at about $35,000. Finally, Larson Financial Group LLC bought a new position in MercadoLibre during the fourth quarter valued at about $36,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 3.1 %

Shares of MercadoLibre stock opened at $1,406.00 on Friday. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The company has a market cap of $71.28 billion, a price-to-earnings ratio of 71.95, a PEG ratio of 0.94 and a beta of 1.44. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $1,523.37 and its 200-day moving average price is $1,530.57.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (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 analysts’ expectations of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.25 earnings per share. On average, equities analysts expect that MercadoLibre, Inc. will post 34.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Susquehanna upped their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Citigroup dropped their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Wedbush dropped their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,790.36.

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.