US Bancorp DE Has $16.85 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

US Bancorp DE raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,721 shares of the company’s stock after buying an additional 682 shares during the quarter. US Bancorp DE’s holdings in MercadoLibre were worth $16,848,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of MercadoLibre by 99.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock valued at $67,900,000 after buying an additional 26,679 shares during the last quarter. Townsquare Capital LLC lifted its stake in MercadoLibre by 0.9% in the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock valued at $1,964,000 after acquiring an additional 14 shares during the last quarter. Vestor Capital LLC increased its stake in shares of MercadoLibre by 10.0% during the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after purchasing an additional 8 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of MercadoLibre by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock valued at $226,716,000 after purchasing an additional 4,065 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of MercadoLibre by 112,333.8% in the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock valued at $229,703,000 after purchasing an additional 146,034 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.8 %

NASDAQ MELI opened at $1,693.57 on Friday. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The stock has a market cap of $85.86 billion, a PE ratio of 75.77, a PEG ratio of 1.24 and a beta of 1.45. The firm has a 50-day simple moving average of $1,546.28 and a 200 day simple moving average of $1,588.46. 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 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 firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the firm posted $3.97 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, research analysts forecast that MercadoLibre, Inc. will post 33.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group upgraded MercadoLibre from a “hold” rating to a “buy” rating and raised their target price for the company from $1,400.00 to $2,100.00 in a report on Monday, May 20th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Susquehanna upped their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted 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 report on Tuesday, February 27th. Finally, UBS Group decreased their price objective on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,881.92.

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.