RFG Advisory LLC Has $2.95 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

RFG Advisory LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 380.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512 shares of the company's stock after acquiring an additional 1,197 shares during the period. RFG Advisory LLC's holdings in MercadoLibre were worth $2,949,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. raised its stake in shares of MercadoLibre by 2.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after acquiring an additional 5 shares in the last quarter. Texas Yale Capital Corp. raised its position in shares of MercadoLibre by 0.3% in the fourth quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock valued at $2,779,000 after purchasing an additional 5 shares during the period. Meiji Yasuda Life Insurance Co raised its position in shares of MercadoLibre by 0.5% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after purchasing an additional 5 shares during the period. Formidable Asset Management LLC lifted its position in MercadoLibre by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after acquiring an additional 5 shares during the last quarter. Finally, Revolve Wealth Partners LLC boosted its stake in MercadoLibre by 4.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock valued at $201,000 after purchasing an additional 5 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded up $7.78 during mid-day trading on Thursday, hitting $2,581.74. 238,517 shares of the stock were exchanged, compared to its average volume of 381,174. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,635.88. The stock's fifty day simple moving average is $2,264.36 and its two-hundred day simple moving average is $2,053.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market cap of $130.89 billion, a P/E ratio of 68.48, a PEG ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results 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 51.89% and a net margin of 9.20%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the prior year, the company earned $6.78 EPS. MercadoLibre's revenue for the quarter was up 37.0% on a year-over-year basis. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the subject of several research analyst reports. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Barclays boosted their price objective on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research note on Tuesday, April 15th. Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday, February 21st. Finally, Bank of America upped their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,588.00.

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.