Benjamin Edwards Inc. lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 782 shares of the company's stock after selling 276 shares during the quarter. Benjamin Edwards Inc.'s holdings in MercadoLibre were worth $1,331,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Human Investing LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. increased its position in MercadoLibre by 220.0% in the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in 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 position in MercadoLibre during the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre in the 4th quarter worth $32,000. Institutional investors own 87.62% of the company's stock.
MercadoLibre Price Performance
Shares of NASDAQ MELI opened at $2,262.51 on Thursday. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,454.25. The company has a market cap of $114.70 billion, a PE ratio of 60.01, a P/E/G ratio of 1.12 and a beta of 1.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The business has a 50-day simple moving average of $2,067.28 and a two-hundred day simple moving average of $1,977.62.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. MercadoLibre's revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.78 EPS. As a group, equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently weighed in on MELI shares. Barclays increased their price objective on shares of MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Cantor Fitzgerald cut their price objective on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Benchmark downgraded shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2,464.67.
View Our Latest Stock Report on MercadoLibre
About MercadoLibre
(
Free Report)
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.
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Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).
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