Westfuller Advisors LLC Invests $208,000 in MercadoLibre, Inc. (NASDAQ:MELI)

Westfuller Advisors LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 107 shares of the company's stock, valued at approximately $208,000.

Several other institutional investors have also recently made changes to their positions in the stock. Capital International Investors grew its stake in MercadoLibre by 38.7% in the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after acquiring an additional 470,829 shares during the period. Price T Rowe Associates Inc. MD grew its position in MercadoLibre by 41.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after purchasing an additional 405,425 shares during the period. Wealthfront Advisers LLC bought a new stake in MercadoLibre during the 4th quarter valued at $565,306,000. Capital World Investors raised its holdings in MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock worth $2,667,386,000 after buying an additional 308,973 shares during the last quarter. Finally, Norges Bank acquired a new position in MercadoLibre during the fourth quarter worth $383,051,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

MELI traded down $29.35 during midday trading on Wednesday, hitting $2,472.05. 415,717 shares of the company traded hands, compared to its average volume of 388,565. The company's 50-day moving average is $2,450.74 and its 200 day moving average is $2,120.85. The firm has a market capitalization of $125.33 billion, a PE ratio of 60.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.49. MercadoLibre, Inc. has a 52 week low of $1,563.21 and a 52 week high of $2,645.22. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The company's revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the company earned $6.78 EPS. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on MELI. Citigroup reissued a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Susquehanna reissued a "positive" rating and issued a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group lifted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.

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.