Mitchell Capital Management Co. Purchases 716 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Mitchell Capital Management Co. increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,020 shares of the company’s stock after acquiring an additional 716 shares during the quarter. Mitchell Capital Management Co.’s holdings in MercadoLibre were worth $3,435,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MELI. Swedbank AB raised its stake in shares of MercadoLibre by 352.8% during the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after acquiring an additional 73,336 shares in the last quarter. Mutual Advisors LLC increased its stake in MercadoLibre by 29.4% during the 3rd quarter. Mutual Advisors LLC now owns 674 shares of the company’s stock valued at $1,385,000 after purchasing an additional 153 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in MercadoLibre by 8.9% during the 3rd quarter. Stephens Investment Management Group LLC now owns 196 shares of the company’s stock valued at $402,000 after purchasing an additional 16 shares in the last quarter. Focus Financial Network Inc. increased its stake in MercadoLibre by 6.3% during the 3rd quarter. Focus Financial Network Inc. now owns 272 shares of the company’s stock valued at $558,000 after purchasing an additional 16 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in MercadoLibre by 3.3% during the 3rd quarter. New York State Common Retirement Fund now owns 28,374 shares of the company’s stock valued at $58,222,000 after purchasing an additional 910 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $2,121.87 on Friday. The company’s fifty day moving average price is $1,909.95 and its 200 day moving average price is $1,967.18. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,374.54. The company has a market capitalization of $107.57 billion, a PE ratio of 56.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on MELI. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. BTIG Research cut their price target on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Wedbush cut their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Bank of America increased their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, New Street Research upgraded shares of MercadoLibre from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $2,385.94.

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.