4,288 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by Sora Investors LLC

Sora Investors LLC bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,288 shares of the company’s stock, valued at approximately $7,291,000.

A number of other institutional investors also recently modified their holdings of the company. 1620 Investment Advisors Inc. boosted its position in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company’s stock valued at $346,000 after purchasing an additional 5 shares in the last quarter. Texas Yale Capital Corp. increased its holdings in MercadoLibre by 0.3% in the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company’s stock worth $2,779,000 after buying an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its holdings in shares of MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company’s stock valued at $1,699,000 after acquiring an additional 5 shares during the last quarter. Nvwm LLC lifted its position in MercadoLibre by 0.5% during the fourth quarter. Nvwm LLC now owns 1,137 shares of the company’s stock valued at $1,933,000 after purchasing an additional 6 shares during the period. Finally, Ancora Advisors LLC raised its stake in MercadoLibre by 10.9% during the 4th quarter. Ancora Advisors LLC now owns 61 shares of the company’s stock valued at $104,000 after buying an additional 6 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Benchmark downgraded shares of MercadoLibre from a “buy” rating to a “cautious” rating in a research note on Thursday, May 1st. Barclays lifted their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target on the stock in a research report on Tuesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $2,521.33.

MercadoLibre Trading Up 0.9%

Shares of MELI opened at $2,586.49 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 1-year low of $1,550.00 and a 1-year high of $2,610.30. The stock has a market cap of $131.13 billion, a price-to-earnings ratio of 68.61, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The firm has a 50 day simple moving average of $2,123.15 and a 200-day simple moving average of $1,996.02.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter last year, the business posted $6.78 EPS. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. Equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.