Insigneo Advisory Services LLC Buys 167 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Insigneo Advisory Services LLC lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,927 shares of the company's stock after buying an additional 167 shares during the quarter. Insigneo Advisory Services LLC's holdings in MercadoLibre were worth $3,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MELI. Human Investing LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in MercadoLibre during 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 position in shares of MercadoLibre during the fourth quarter worth $32,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $37,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Up 0.6%

MELI traded up $13.27 on Wednesday, hitting $2,402.75. 238,171 shares of the company were exchanged, compared to its average volume of 386,166. 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's fifty day moving average is $2,361.70 and its 200-day moving average is $2,080.23. The company has a market cap of $121.82 billion, a PE ratio of 59.09, a PEG ratio of 1.33 and a beta of 1.51. MercadoLibre, Inc. has a 12 month low of $1,563.21 and a 12 month high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released 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. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. MercadoLibre's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned $6.78 EPS. Equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on MELI. Bank of America lifted their target price on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. Cantor Fitzgerald reduced their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a report on Wednesday, June 11th. 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 report on Thursday, June 5th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $2,632.50.

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.