Generali Investments Towarzystwo Funduszy Inwestycyjnych Makes New $162,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 95 shares of the company’s stock, valued at approximately $162,000.

A number of other hedge funds have also recently made changes to their positions in the business. Swedbank AB lifted its position in shares of MercadoLibre by 352.8% during the third quarter. Swedbank AB now owns 94,123 shares of the company’s stock valued at $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Mutual Advisors LLC raised its position in shares of MercadoLibre by 29.4% in the third quarter. Mutual Advisors LLC now owns 674 shares of the company’s stock valued at $1,385,000 after purchasing an additional 153 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of MercadoLibre by 16.1% in the third quarter. First Trust Direct Indexing L.P. now owns 613 shares of the company’s stock valued at $1,258,000 after purchasing an additional 85 shares during the period. Diversify Wealth Management LLC grew its stake in MercadoLibre by 4.2% during the third quarter. Diversify Wealth Management LLC now owns 398 shares of the company’s stock valued at $811,000 after acquiring an additional 16 shares in the last quarter. Finally, 1620 Investment Advisors Inc. grew its stake in MercadoLibre by 3.7% during the third quarter. 1620 Investment Advisors Inc. now owns 198 shares of the company’s stock valued at $407,000 after acquiring an additional 7 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Down 3.1 %

MELI stock opened at $2,129.80 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a 12 month low of $1,324.99 and a 12 month high of $2,374.54. The firm’s 50-day moving average is $1,901.92 and its 200 day moving average is $1,965.30. The company has a market capitalization of $107.97 billion, a PE ratio of 56.49, 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, beating analysts’ consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. On average, research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Susquehanna boosted their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup reduced their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Wedbush cut 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. Finally, New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and increased their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of “Buy” and an average target price of $2,385.94.

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.