MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Main Street Research LLC

Main Street Research LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,248 shares of the company's stock after acquiring an additional 226 shares during the quarter. MercadoLibre accounts for about 1.9% of Main Street Research LLC's portfolio, making the stock its 29th biggest holding. Main Street Research LLC's holdings in MercadoLibre were worth $29,747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prospect Financial Services LLC boosted its stake in MercadoLibre by 41.7% during the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock worth $663,000 after purchasing an additional 100 shares during the last quarter. JARISLOWSKY FRASER Ltd raised its holdings in shares of MercadoLibre by 43.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock worth $5,525,000 after acquiring an additional 987 shares during the period. Stratos Investment Management LLC purchased a new position in shares of MercadoLibre during the 1st quarter worth $203,000. Avant Financial Advisors LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth $316,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new position in shares of MercadoLibre during the 4th quarter worth $2,500,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MELI shares. UBS Group set a $3,000.00 price target on MercadoLibre in a report on Monday, June 2nd. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. The Goldman Sachs Group boosted their price objective on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.

MercadoLibre Trading Down 0.6%

NASDAQ:MELI traded down $14.65 on Friday, reaching $2,387.45. 341,673 shares of the company's stock were exchanged, compared to its average volume of 389,087. MercadoLibre, Inc. has a 52-week low of $1,579.78 and a 52-week high of $2,645.22. The firm has a market capitalization of $121.04 billion, a price-to-earnings ratio of 58.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $2,486.03 and a 200-day moving average of $2,158.29.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping 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 the consensus estimate of $5.55 billion. During the same period in the previous year, the company posted $6.78 earnings per share. The business's revenue for the quarter was up 37.0% on a year-over-year basis. As a group, analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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.