Inspire Advisors LLC Acquires Shares of 306 MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• Inspire Advisors LLC acquired 306 shares of MercadoLibre, valued at approximately $597,000, as reported in their recent 13F filing with the SEC.
• MercadoLibre's stock is currently down 1.2% and has a market capitalization of $119.78 billion, with a price-to-earnings ratio of 58.11.
• The company reported a 37% year-over-year revenue increase with earnings of $9.74 per share, exceeding analysts' expectations of $7.82.

Inspire Advisors LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 306 shares of the company's stock, valued at approximately $597,000.

Several other large investors have also bought and sold shares of the stock. Texas Yale Capital Corp. lifted its stake in MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock valued at $2,779,000 after acquiring an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after purchasing an additional 5 shares during the last quarter. Formidable Asset Management LLC increased its position in shares of MercadoLibre by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock valued at $272,000 after purchasing an additional 5 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of MercadoLibre by 4.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock valued at $201,000 after purchasing an additional 5 shares during the last quarter. Finally, Sonora Investment Management Group LLC increased its position in shares of MercadoLibre by 3.1% during the 1st quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock valued at $328,000 after purchasing an additional 5 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 1.2%

Shares of NASDAQ MELI opened at $2,362.56 on Monday. MercadoLibre, Inc. has a 12 month low of $1,579.78 and a 12 month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $119.78 billion, a price-to-earnings ratio of 58.11, a PEG ratio of 1.40 and a beta of 1.49. The business has a 50-day moving average of $2,475.90 and a 200-day moving average of $2,208.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS 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 in the previous year, the firm earned $6.78 earnings per share. MercadoLibre's revenue was up 37.0% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

MELI has been the subject of several research analyst reports. Susquehanna reaffirmed a "positive" rating and set a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Citigroup reissued a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,639.69.

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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