Cornerstone Select Advisors LLC Acquires Shares of 135 MercadoLibre, Inc. (NASDAQ:MELI)

Cornerstone Select Advisors LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 135 shares of the company's stock, valued at approximately $230,000.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Susquehanna raised their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. The Goldman Sachs Group increased their price objective on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Cantor Fitzgerald lowered their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays increased their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre has a consensus rating of "Moderate Buy" and an average price target of $2,464.67.

MercadoLibre Stock Down 0.8 %

Shares of NASDAQ MELI opened at $2,229.00 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average of $2,064.47 and a 200-day moving average of $1,975.64. The firm has a market capitalization of $113.00 billion, a price-to-earnings ratio of 59.12, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 12 month low of $1,550.00 and a 12 month high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $5.94 billion. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre 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.

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