Centaurus Financial Inc. Makes New $315,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Centaurus Financial Inc. acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 185 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Human Investing LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new position in MercadoLibre in the fourth quarter valued at about $26,000. Brown Lisle Cummings Inc. grew its position in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after acquiring an additional 8 shares during the period. Covestor Ltd bought a new stake in shares of MercadoLibre during the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $32,000. Institutional investors own 87.62% of the company's stock.

Wall Street Analyst Weigh In

MELI has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Barclays lifted their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Susquehanna increased their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Finally, Wall Street Zen lowered shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,572.86.

MercadoLibre Stock Up 0.4%

Shares of MercadoLibre stock traded up $9.10 during trading on Tuesday, hitting $2,602.54. 150,242 shares of the stock were exchanged, compared to its average volume of 381,326. The stock has a market cap of $131.94 billion, a price-to-earnings ratio of 68.98, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. The firm's 50-day moving average price is $2,243.72 and its 200 day moving average price is $2,045.56. MercadoLibre, Inc. has a 12-month low of $1,550.00 and a 12-month high of $2,635.88. 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 announced its earnings results on Wednesday, May 7th. The company reported $9.74 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 business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. During the same period in the prior year, the company earned $6.78 earnings per share. The business's revenue was up 37.0% compared to the same quarter last year. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.