MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Argentarii LLC

Argentarii LLC raised its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 138.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303 shares of the company's stock after acquiring an additional 176 shares during the quarter. Argentarii LLC's holdings in MercadoLibre were worth $591,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MELI. Park Square Financial Group LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth about $26,000. Covestor Ltd purchased a new stake in MercadoLibre during the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of MercadoLibre by 375.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock valued at $37,000 after purchasing an additional 15 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in shares of MercadoLibre during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analyst Weigh In

MELI has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group boosted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Cantor Fitzgerald decreased their price target on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research note on Wednesday, June 11th. Finally, UBS Group set a $3,000.00 price objective on MercadoLibre in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,645.94.

MercadoLibre Stock Performance

MELI stock opened at $2,507.03 on Friday. MercadoLibre, Inc. has a 1 year low of $1,579.78 and a 1 year high of $2,645.22. The stock has a market capitalization of $127.11 billion, a price-to-earnings ratio of 61.66, a PEG ratio of 1.49 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 stock's fifty day moving average is $2,469.05 and its two-hundred day moving average is $2,135.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same period last year, the firm posted $6.78 EPS. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. On average, research analysts predict that MercadoLibre, Inc. will post 43.96 EPS 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.

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