Shilanski & Associates Inc. Invests $209,000 in MercadoLibre, Inc. (NASDAQ:MELI)

Shilanski & Associates Inc. bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 107 shares of the company's stock, valued at approximately $209,000.

Other large investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at $26,000. Covestor Ltd acquired a new stake in shares of MercadoLibre during the 4th quarter worth $27,000. Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre in the 4th quarter worth $32,000. VSM Wealth Advisory LLC purchased a new position in shares of MercadoLibre in the 4th quarter worth $37,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in MercadoLibre by 375.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock valued at $37,000 after acquiring an additional 15 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Up 1.4%

NASDAQ:MELI traded up $34.98 on Thursday, reaching $2,507.03. The stock had a trading volume of 194,179 shares, compared to its average volume of 407,576. The company has a 50-day moving average of $2,457.38 and a 200 day moving average of $2,123.28. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The stock has a market cap of $127.11 billion, a P/E ratio of 61.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. MercadoLibre, Inc. has a 12-month low of $1,579.78 and a 12-month high of $2,645.22.

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 analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the firm earned $6.78 EPS. MercadoLibre's quarterly revenue was up 37.0% on a year-over-year basis. On average, research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

MELI has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research report on Monday, June 2nd. Susquehanna reiterated a "positive" rating and set a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $2,645.94.

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.