Lighthouse Financial LLC Acquires New Shares in MercadoLibre, Inc. (NASDAQ:MELI)

Lighthouse Financial LLC bought a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 389 shares of the company's stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new stake in MercadoLibre during the 4th quarter worth about $26,000. Park Square Financial Group LLC acquired a new stake in MercadoLibre during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. grew its position in MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 11 shares during the period. Brown Lisle Cummings Inc. grew its position in MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 8 shares during the period. Finally, Covestor Ltd acquired a new stake in MercadoLibre during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MELI shares. Benchmark downgraded MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Susquehanna raised their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Finally, Barclays raised their target price on MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and an average price target of $2,572.86.

MercadoLibre Price Performance

NASDAQ:MELI traded up $16.73 during trading hours on Friday, hitting $2,562.22. 405,889 shares of the stock were exchanged, compared to its average volume of 383,003. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88. The firm's fifty day moving average price is $2,233.35 and its 200 day moving average price is $2,038.68. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The company has a market cap of $129.90 billion, a P/E ratio of 67.96, a P/E/G ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results 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 business had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The business'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 firm posted $6.78 EPS. As a group, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

MercadoLibre Company 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.