167 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 167 shares of the company's stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Human Investing LLC acquired a new position in MercadoLibre in the fourth quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. grew its position in shares of MercadoLibre by 220.0% in 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 period. Brown Lisle Cummings Inc. increased its stake in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 8 shares in the last quarter. Covestor Ltd bought a new position in MercadoLibre in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $32,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

MELI traded up $42.53 during trading on Friday, hitting $2,452.53. The stock had a trading volume of 382,692 shares, compared to its average volume of 381,235. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company has a 50 day moving average price of $2,081.98 and a 200-day moving average price of $1,982.03. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,501.00. The firm has a market cap of $124.34 billion, a price-to-earnings ratio of 65.05, a P/E/G ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter in the previous year, the business posted $6.78 earnings per share. MercadoLibre's quarterly revenue was up 37.0% on a year-over-year basis. As a group, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on MELI. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. StockNews.com raised MercadoLibre from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their price target on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $2,504.67.

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.