Larson Financial Group LLC grew its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1,887.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159 shares of the company's stock after purchasing an additional 151 shares during the period. Larson Financial Group LLC's holdings in MercadoLibre were worth $310,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Prospect Financial Services LLC raised its holdings in shares of MercadoLibre by 41.7% in the first quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock worth $663,000 after buying an additional 100 shares during the period. Stratos Investment Management LLC purchased a new stake in shares of MercadoLibre in the first quarter worth approximately $203,000. JARISLOWSKY FRASER Ltd raised its holdings in shares of MercadoLibre by 43.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock worth $5,525,000 after buying an additional 987 shares during the period. Avant Financial Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth approximately $316,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new position in MercadoLibre during the 4th quarter worth $2,500,000. 87.62% of the stock is owned by institutional investors.
MercadoLibre Stock Performance
NASDAQ MELI opened at $2,413.57 on Friday. The stock has a 50-day simple moving average of $2,492.77 and a two-hundred day simple moving average of $2,181.16. The firm has a market capitalization of $122.37 billion, a P/E ratio of 59.36, a PEG ratio of 1.40 and a beta of 1.49. MercadoLibre, Inc. has a fifty-two week low of $1,579.78 and a fifty-two week high of $2,645.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20.
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, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the business posted $6.78 EPS. The company's revenue was up 37.0% on a year-over-year basis. On average, equities analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. Susquehanna reaffirmed a "positive" rating and set a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Finally, Benchmark cut MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and an average target price of $2,645.94.
Check Out Our Latest Stock Report on MELI
About MercadoLibre
(
Free Report)
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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