Sanibel Captiva Trust Company Inc. Buys 337 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Sanibel Captiva Trust Company Inc. raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 43.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,107 shares of the company's stock after buying an additional 337 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in MercadoLibre were worth $2,160,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in MercadoLibre by 11.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,369 shares of the company's stock worth $2,328,000 after purchasing an additional 143 shares during the last quarter. Prospect Financial Services LLC raised its holdings in shares of MercadoLibre by 41.7% during the first 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 lifted its position in shares of MercadoLibre by 34.1% in the 4th quarter. Jones Financial Companies Lllp now owns 3,503 shares of the company's stock worth $5,957,000 after buying an additional 891 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of MercadoLibre by 47.3% in the 4th quarter. Apollon Wealth Management LLC now owns 629 shares of the company's stock valued at $1,070,000 after buying an additional 202 shares during the period. Finally, JARISLOWSKY FRASER Ltd grew its position in shares of MercadoLibre by 43.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock valued at $5,525,000 after buying an additional 987 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MELI shares. UBS Group set a $3,000.00 price objective on MercadoLibre in a research note on Monday, June 2nd. Cantor Fitzgerald lowered their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research report on Wednesday. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Citigroup restated a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. Finally, Susquehanna increased 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. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and an average price target of $2,632.50.

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded down $15.89 on Thursday, hitting $2,371.11. The stock had a trading volume of 128,728 shares, compared to its average volume of 415,176. The firm's 50 day moving average price is $2,318.55 and its 200-day moving average price is $2,070.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,635.88. The company has a market capitalization of $120.21 billion, a price-to-earnings ratio of 62.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. MercadoLibre's revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned $6.78 EPS. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

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.