Dupree Financial Group LLC Grows Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Dupree Financial Group LLC grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 37.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,104 shares of the company's stock after acquiring an additional 1,659 shares during the quarter. MercadoLibre comprises approximately 4.8% of Dupree Financial Group LLC's holdings, making the stock its 6th largest holding. Dupree Financial Group LLC's holdings in MercadoLibre were worth $11,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter worth $26,000. Covestor Ltd purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of MercadoLibre by 375.0% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock worth $37,000 after purchasing an additional 15 shares during the period. Finally, VSM Wealth Advisory LLC bought a new position in MercadoLibre during the 4th quarter valued at about $37,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Up 1.4%

Shares of MercadoLibre stock opened at $2,507.03 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. The company has a market cap of $127.11 billion, a P/E ratio of 61.66, a PEG ratio of 1.49 and a beta of 1.49. The firm's 50 day moving average price is $2,469.05 and its 200-day moving average price is $2,139.17. MercadoLibre, Inc. has a 52-week low of $1,579.78 and a 52-week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the previous year, the company earned $6.78 earnings per share. The business's revenue for the quarter was up 37.0% on a year-over-year basis. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup restated a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Jefferies Financial Group restated a "hold" rating and set a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. Cantor Fitzgerald cut their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, Barclays upped their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $2,645.94.

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.

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