PKO Investment Management Joint Stock Co acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,000 shares of the company's stock, valued at approximately $5,101,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MELI. Nisa Investment Advisors LLC increased its stake in shares of MercadoLibre by 11.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 861 shares of the company's stock valued at $1,464,000 after acquiring an additional 85 shares during the last quarter. RFG Advisory LLC lifted its holdings in MercadoLibre by 13.7% during the 4th quarter. RFG Advisory LLC now owns 315 shares of the company's stock valued at $536,000 after purchasing an additional 38 shares during the last quarter. Fifth Third Bancorp lifted its holdings in MercadoLibre by 9.1% during the 4th quarter. Fifth Third Bancorp now owns 1,937 shares of the company's stock valued at $3,294,000 after purchasing an additional 161 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in MercadoLibre by 6.8% during the 4th quarter. Flagship Harbor Advisors LLC now owns 629 shares of the company's stock valued at $1,070,000 after purchasing an additional 40 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in MercadoLibre during the 4th quarter worth $481,000. 87.62% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Friday, May 16th. The Goldman Sachs Group lifted their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Finally, Susquehanna lifted their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and a consensus target price of $2,572.86.
Get Our Latest Research Report on MercadoLibre
MercadoLibre Price Performance
MercadoLibre stock traded up $16.73 during midday trading on Friday, reaching $2,562.22. The company's stock had a trading volume of 405,889 shares, compared to its average volume of 382,709. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,635.88. 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 business has a 50-day moving average price of $2,233.35 and a 200-day moving average price of $2,040.57. The stock has a market cap of $129.90 billion, a PE ratio of 67.96, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter in the previous year, the business posted $6.78 earnings per share. The business's revenue for the quarter was up 37.0% on a year-over-year basis. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.
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.
See Also
Before you consider MercadoLibre, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.
While MercadoLibre currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
