Stephens Inc. AR raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,453 shares of the company's stock after purchasing an additional 230 shares during the period. Stephens Inc. AR's holdings in MercadoLibre were worth $2,835,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Schechter Investment Advisors LLC grew its holdings in MercadoLibre by 7.7% in the first quarter. Schechter Investment Advisors LLC now owns 195 shares of the company's stock valued at $380,000 after purchasing an additional 14 shares during the period. Arizona State Retirement System grew its holdings in MercadoLibre by 1.6% in the first quarter. Arizona State Retirement System now owns 13,361 shares of the company's stock valued at $26,066,000 after purchasing an additional 205 shares during the period. Ballentine Partners LLC acquired a new stake in MercadoLibre in the first quarter valued at approximately $254,000. Chapman Investment Management LLC boosted its stake in shares of MercadoLibre by 0.6% in the first quarter. Chapman Investment Management LLC now owns 4,181 shares of the company's stock worth $8,157,000 after acquiring an additional 24 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of MercadoLibre by 18.0% in the first quarter. Diversify Wealth Management LLC now owns 543 shares of the company's stock worth $1,059,000 after acquiring an additional 83 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.
MercadoLibre Stock Performance
Shares of MercadoLibre stock opened at $2,390.00 on Wednesday. MercadoLibre, Inc. has a one year low of $1,579.78 and a one year high of $2,645.22. The company has a market cap of $121.17 billion, a price-to-earnings ratio of 58.78, a PEG ratio of 1.41 and a beta of 1.49. 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 business's 50 day moving average price is $2,491.92 and its 200 day moving average price is $2,170.28.
MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, 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 company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the previous year, the business earned $6.78 earnings per share. The company's revenue for the quarter was up 37.0% on a year-over-year basis. On average, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MELI. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Susquehanna reaffirmed a "positive" rating and issued a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. UBS Group set a $3,000.00 price target on MercadoLibre in a research note on Monday, June 2nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $2,800.00 price target (up from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,645.94.
Check Out Our Latest Stock Report on MercadoLibre
MercadoLibre Profile
(
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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