Roman Butler Fullerton & Co. Makes New Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Roman Butler Fullerton & Co. purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 421 shares of the company's stock, valued at approximately $892,000.

A number of other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. grew its stake in MercadoLibre by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock worth $2,328,000 after acquiring an additional 143 shares during the period. Prospect Financial Services LLC lifted its stake in shares of 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 period. Jones Financial Companies Lllp boosted its holdings in shares of MercadoLibre by 34.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company's stock worth $5,957,000 after purchasing an additional 891 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its position in shares of MercadoLibre by 43.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock valued at $5,525,000 after purchasing an additional 987 shares during the period. Finally, Avant Financial Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $316,000. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Trading Down 2.7%

NASDAQ:MELI opened at $2,389.48 on Wednesday. The stock has a market cap of $121.15 billion, a price-to-earnings ratio of 58.77, a price-to-earnings-growth ratio of 1.37 and a beta of 1.51. MercadoLibre, Inc. has a one year low of $1,550.00 and a one year high of $2,635.88. 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 simple moving average is $2,361.70 and its 200 day simple moving average is $2,080.23.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.55 billion. During the same period in the prior year, the business posted $6.78 EPS. The business's revenue was up 37.0% on a year-over-year basis. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Cantor Fitzgerald decreased their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of MercadoLibre from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a research report on Monday, June 2nd. Finally, Barclays lifted their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,632.50.

MercadoLibre Company 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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