Jump Financial LLC Has $1.22 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Jump Financial LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 94.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 720 shares of the company’s stock after selling 11,613 shares during the quarter. Jump Financial LLC’s holdings in MercadoLibre were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Guggenheim Capital LLC grew its holdings in MercadoLibre by 1.4% during the fourth quarter. Guggenheim Capital LLC now owns 12,774 shares of the company’s stock worth $21,721,000 after purchasing an additional 182 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $12,298,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $7,091,000. CreativeOne Wealth LLC lifted its holdings in MercadoLibre by 394.0% during the 4th quarter. CreativeOne Wealth LLC now owns 657 shares of the company’s stock valued at $1,117,000 after purchasing an additional 524 shares during the last quarter. Finally, Mariner LLC boosted its position in MercadoLibre by 4.9% during the fourth quarter. Mariner LLC now owns 6,007 shares of the company’s stock worth $10,216,000 after purchasing an additional 279 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Benchmark started coverage on MercadoLibre in a report on Tuesday, April 15th. They set a “buy” rating and a $2,500.00 price objective for the company. Susquehanna increased their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target for the company in a research note on Tuesday, January 21st. Finally, Wedbush dropped their target price on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $2,415.94.

MercadoLibre Stock Up 1.7 %

NASDAQ MELI opened at $2,099.37 on Monday. The business has a fifty day moving average price of $2,043.29 and a two-hundred day moving average price of $1,960.06. The stock has a market capitalization of $106.43 billion, a PE ratio of 55.69, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week 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.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. Equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.