Adalta Capital Management LLC Buys 115 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Adalta Capital Management LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,816 shares of the company's stock after acquiring an additional 115 shares during the quarter. MercadoLibre comprises about 1.6% of Adalta Capital Management LLC's holdings, making the stock its 15th biggest holding. Adalta Capital Management LLC's holdings in MercadoLibre were worth $3,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Human Investing LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. increased its position in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings 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 buying an additional 8 shares in the last quarter. Covestor Ltd bought a new stake in MercadoLibre in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

MELI has been the subject of a number of recent research reports. Cantor Fitzgerald lowered their price objective on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Barclays boosted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,572.86.

MercadoLibre Trading Down 3.8%

Shares of NASDAQ:MELI traded down $98.18 on Monday, hitting $2,507.83. The company had a trading volume of 502,270 shares, compared to its average volume of 383,444. The firm's 50-day simple moving average is $2,190.01 and its two-hundred day simple moving average is $2,018.86. The firm has a market capitalization of $127.14 billion, a price-to-earnings ratio of 66.52, a P/E/G ratio of 1.12 and a beta of 1.61. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a 1 year low of $1,550.00 and a 1 year high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.55 billion. During the same period last year, the business posted $6.78 earnings per share. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.