Creekmur Asset Management LLC Purchases 193 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Creekmur Asset Management LLC grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 84.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421 shares of the company's stock after acquiring an additional 193 shares during the quarter. Creekmur Asset Management LLC's holdings in MercadoLibre were worth $821,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Key Financial Inc acquired a new position in shares of MercadoLibre in the first quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $26,000. Covestor Ltd acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $32,000. Finally, VSM Wealth Advisory LLC acquired a new stake in MercadoLibre during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of a number of research analyst reports. Jefferies Financial Group restated a "hold" rating and set a $2,800.00 price target (up from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, UBS Group set a $3,000.00 target price on MercadoLibre in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.

MercadoLibre Stock Performance

MELI traded up $62.43 during trading hours on Friday, hitting $2,413.57. The stock had a trading volume of 319,769 shares, compared to its average volume of 388,965. The company's fifty day simple moving average is $2,492.77 and its 200 day simple moving average is $2,184.50. MercadoLibre, Inc. has a 1 year low of $1,579.78 and a 1 year high of $2,645.22. The stock has a market cap of $122.37 billion, a PE ratio of 59.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the firm posted $6.78 EPS. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre 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.