Vima LLC Buys Shares of 118 MercadoLibre, Inc. (NASDAQ:MELI)

Vima LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 118 shares of the company’s stock, valued at approximately $185,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal London Asset Management Ltd. raised its holdings in shares of MercadoLibre by 0.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 196,953 shares of the company’s stock valued at $309,520,000 after buying an additional 1,034 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $610,000. Transcendent Capital Group LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $38,000. Scarborough Advisors LLC bought a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $36,000. Finally, TT International Asset Management LTD raised its holdings in shares of MercadoLibre by 4.5% during the fourth quarter. TT International Asset Management LTD now owns 68,962 shares of the company’s stock valued at $108,376,000 after buying an additional 2,998 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded up $1.61 during trading on Friday, hitting $1,582.14. The company had a trading volume of 223,146 shares, compared to its average volume of 298,570. The company has a market cap of $80.21 billion, a P/E ratio of 70.79, a PEG ratio of 1.16 and a beta of 1.60. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The business’s 50-day moving average is $1,581.80 and its 200 day moving average is $1,606.84. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.64 by $0.14. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The company had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company earned $3.97 earnings per share. The firm’s revenue was up 36.0% on a year-over-year basis. Equities research analysts predict that MercadoLibre, Inc. will post 33.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MELI. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,400.00 to $2,100.00 in a report on Monday, May 20th. Susquehanna boosted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. Citigroup dropped their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, UBS Group dropped their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,881.92.

About MercadoLibre

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.