Bender Robert & Associates boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,387 shares of the company's stock after purchasing an additional 337 shares during the quarter. MercadoLibre makes up approximately 6.1% of Bender Robert & Associates' holdings, making the stock its 5th largest position. Bender Robert & Associates' holdings in MercadoLibre were worth $24,165,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in MELI. Human Investing LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in MercadoLibre in the 4th quarter valued at approximately $26,000. Covestor Ltd bought a new stake in MercadoLibre during the 4th quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at $32,000. Finally, VSM Wealth Advisory LLC acquired a new position in MercadoLibre during the 4th quarter worth $37,000. 87.62% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
MELI has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a research report on Monday, June 2nd. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Finally, Susquehanna increased their price objective on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a report on Friday, February 21st. One equities 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 stock. According to data from MarketBeat.com, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,632.50.
Read Our Latest Analysis on MercadoLibre
MercadoLibre Trading Down 2.7%
Shares of NASDAQ:MELI opened at $2,389.48 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $121.15 billion, a price-to-earnings ratio of 58.77, a PEG ratio of 1.37 and a beta of 1.51. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,635.88. The company has a 50 day moving average price of $2,361.70 and a 200 day moving average price of $2,080.23.
MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The company's quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.78 EPS. On average, research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
MercadoLibre Profile
(
Free Report)
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.
Further Reading
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