Capital Investment Advisors LLC Makes New $220,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Capital Investment Advisors LLC bought a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 113 shares of the company's stock, valued at approximately $220,000.

A number of other institutional investors also recently modified their holdings of MELI. Human Investing LLC bought a new stake in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Park Square Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter valued at approximately $26,000. Covestor Ltd bought a new stake in MercadoLibre in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new stake in MercadoLibre in the fourth quarter valued at approximately $32,000. Finally, Stonebridge Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter valued at approximately $37,000. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on MELI. The Goldman Sachs Group upped their price target on shares of 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 price target on shares of MercadoLibre in a research note on Monday, June 2nd. Susquehanna increased their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Bank of America increased their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Wall Street Zen raised shares of MercadoLibre from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus target price of $2,632.50.

MercadoLibre Trading Up 0.1%

Shares of NASDAQ:MELI traded up $3.16 during mid-day trading on Friday, hitting $2,371.98. The company had a trading volume of 341,577 shares, compared to its average volume of 386,370. The firm has a fifty day moving average price of $2,340.95 and a 200 day moving average price of $2,074.58. The company has a market capitalization of $120.25 billion, a PE ratio of 62.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. 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, Inc. has a one year low of $1,550.00 and a one year high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly 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. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. MercadoLibre's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.78 EPS. As a group, research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current 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.