Nebula Research & Development LLC Grows Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Nebula Research & Development LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 118.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,120 shares of the company’s stock after purchasing an additional 1,151 shares during the period. MercadoLibre makes up 0.4% of Nebula Research & Development LLC’s investment portfolio, making the stock its 23rd largest holding. Nebula Research & Development LLC’s holdings in MercadoLibre were worth $3,605,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Human Investing LLC purchased a new position in shares of MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its position in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares during the period. Brown Lisle Cummings Inc. grew its stake in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $32,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of analyst reports. Wedbush lowered their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Barclays boosted their price target on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, Morgan Stanley dropped their target price on MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has an average rating of “Buy” and a consensus price target of $2,464.67.

MercadoLibre Trading Up 3.0 %

Shares of MercadoLibre stock opened at $2,204.81 on Friday. MercadoLibre, Inc. has a 1 year low of $1,341.00 and a 1 year high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The business has a 50 day moving average price of $2,047.82 and a 200 day moving average price of $1,964.79. The company has a market capitalization of $111.78 billion, a P/E ratio of 58.48, a P/E/G ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.