Keystone Financial Services LLC Acquires Shares of 146 MercadoLibre, Inc. (NASDAQ:MELI)

Keystone Financial Services LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 146 shares of the company's stock, valued at approximately $285,000.

A number of other hedge funds have also made changes to their positions in the stock. Capital Research Global Investors increased its holdings in shares of MercadoLibre by 8.0% during the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock valued at $4,108,079,000 after acquiring an additional 179,807 shares during the last quarter. Capital International Investors grew its holdings in MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock valued at $2,868,869,000 after buying an additional 470,829 shares during the last quarter. Capital World Investors grew its holdings in MercadoLibre by 24.5% in the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after buying an additional 308,973 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MercadoLibre by 41.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after buying an additional 405,425 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in MercadoLibre by 0.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after buying an additional 2,048 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded up $17.98 during trading on Thursday, hitting $2,490.03. 193,873 shares of the stock were exchanged, compared to its average volume of 388,161. 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 company has a market capitalization of $126.24 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. MercadoLibre, Inc. has a 1-year low of $1,563.21 and a 1-year high of $2,645.22. The company's fifty day simple moving average is $2,457.38 and its 200-day simple moving average is $2,123.28.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate 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 return on equity of 48.46% and a net margin of 9.21%. MercadoLibre's revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company earned $6.78 EPS. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on MELI. The Goldman Sachs Group raised their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Cantor Fitzgerald lowered their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.