Wisconsin Capital Management LLC Grows Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Wisconsin Capital Management LLC raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,732 shares of the company’s stock after purchasing an additional 200 shares during the period. MercadoLibre makes up approximately 2.6% of Wisconsin Capital Management LLC’s holdings, making the stock its 18th largest holding. Wisconsin Capital Management LLC’s holdings in MercadoLibre were worth $4,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in MELI. Envestnet Asset Management Inc. increased its stake in MercadoLibre by 99.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock worth $67,900,000 after purchasing an additional 26,679 shares during the period. Townsquare Capital LLC boosted its holdings in shares of MercadoLibre by 0.9% during the third quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock worth $1,964,000 after purchasing an additional 14 shares during the period. California Public Employees Retirement System boosted its holdings in shares of MercadoLibre by 1.5% during the third quarter. California Public Employees Retirement System now owns 89,312 shares of the company’s stock worth $113,237,000 after purchasing an additional 1,277 shares during the period. Vanguard Group Inc. boosted its holdings in shares of MercadoLibre by 2.3% during the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock worth $226,716,000 after purchasing an additional 4,065 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of MercadoLibre by 112,333.8% during the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

NASDAQ:MELI traded down $6.17 during mid-day trading on Thursday, hitting $1,363.83. 210,353 shares of the company traded hands, compared to its average volume of 384,221. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average price is $1,530.62 and its 200-day moving average price is $1,527.51. The firm has a market cap of $69.15 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the firm earned $3.25 EPS. MercadoLibre’s revenue for the quarter was up 42.0% compared to the same quarter last year. Research analysts anticipate that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Wedbush lowered their price objective on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group cut their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Susquehanna increased their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Finally, Citigroup reduced their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,790.36.

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.