Bison Wealth LLC Takes Position in MercadoLibre, Inc. (NASDAQ:MELI)

Bison Wealth LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121 shares of the company's stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new position in MercadoLibre during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. lifted its stake in MercadoLibre by 220.0% during 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 in the last quarter. Brown Lisle Cummings Inc. boosted its position in shares of MercadoLibre by 100.0% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after buying an additional 8 shares during the period. Covestor Ltd acquired a new stake in shares of MercadoLibre in the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Down 0.6 %

NASDAQ:MELI traded down $13.83 during trading hours on Friday, reaching $2,280.69. 352,927 shares of the company were exchanged, compared to its average volume of 379,298. The stock has a 50 day simple moving average of $2,061.51 and a 200 day simple moving average of $1,972.70. The firm has a market cap of $115.62 billion, a price-to-earnings ratio of 60.50, a PEG ratio of 1.12 and a beta of 1.62. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,374.54. 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 (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. As a group, analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MELI shares. Cantor Fitzgerald decreased their price target on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Benchmark lowered MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday. Susquehanna upped their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. Finally, Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus price target of $2,464.67.

MercadoLibre Company 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.