Virtus ETF Advisers LLC Boosts Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Virtus ETF Advisers LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 556 shares of the company’s stock after purchasing an additional 20 shares during the quarter. Virtus ETF Advisers LLC’s holdings in MercadoLibre were worth $945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Human Investing LLC purchased a new position in MercadoLibre during the fourth quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. boosted its holdings in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 8 shares in the last quarter. Covestor Ltd bought a new stake in shares of MercadoLibre in the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth about $32,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 1.0 %

Shares of NASDAQ MELI opened at $2,225.85 on Friday. The company has a market cap of $112.84 billion, a P/E ratio of 59.04, a PEG ratio of 1.12 and a beta of 1.62. The firm has a 50-day simple moving average of $2,050.36 and a two-hundred day simple moving average of $1,965.68. MercadoLibre, Inc. has a 1 year low of $1,419.86 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.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MELI shares. Morgan Stanley cut their price target on MercadoLibre from $2,650.00 to $2,560.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Barclays raised their target price on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Benchmark began coverage on shares of MercadoLibre in a research note on Tuesday, April 15th. They set a “buy” rating and a $2,500.00 price target on the stock. Citigroup reissued a “buy” rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Finally, Wedbush decreased their target price 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. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2,464.67.

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.