Donaldson Capital Management LLC Has $3.13 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Donaldson Capital Management LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 8.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,606 shares of the company's stock after acquiring an additional 128 shares during the period. Donaldson Capital Management LLC's holdings in MercadoLibre were worth $3,133,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its holdings in MercadoLibre by 5.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 407 shares of the company's stock valued at $692,000 after buying an additional 22 shares during the period. Golden State Wealth Management LLC bought a new stake in MercadoLibre during the 4th quarter worth about $65,000. Apollon Wealth Management LLC raised its position in MercadoLibre by 47.3% in the 4th quarter. Apollon Wealth Management LLC now owns 629 shares of the company's stock worth $1,070,000 after purchasing an additional 202 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of MercadoLibre by 7.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 459 shares of the company's stock valued at $781,000 after acquiring an additional 33 shares during the period. Finally, Empowered Funds LLC grew its position in shares of MercadoLibre by 2.0% during the 4th quarter. Empowered Funds LLC now owns 711 shares of the company's stock worth $1,209,000 after buying an additional 14 shares during the period. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on MELI shares. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Barclays lifted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group upped their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group restated a "hold" rating and set a $2,800.00 price objective (up from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,632.50.

MercadoLibre Trading Up 0.1%

MELI traded up $3.16 during trading on Friday, reaching $2,371.98. 341,577 shares of the company's stock were exchanged, compared to its average volume of 385,181. The stock 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 current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,635.88. The firm has a fifty day moving average price of $2,330.03 and a two-hundred day moving average price of $2,072.57.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $6.78 earnings per share. As a group, equities research analysts forecast 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.