Signal Advisors Wealth LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 133 shares of the company's stock, valued at approximately $259,000.
Several other hedge funds also recently bought and sold shares of the stock. Human Investing LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new stake in MercadoLibre in the fourth quarter valued at approximately $26,000. Covestor Ltd purchased a new stake in MercadoLibre in the fourth quarter valued at approximately $27,000. Mather Group LLC. lifted its stake in MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company's stock worth $32,000 after purchasing an additional 12 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of MercadoLibre during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.
MercadoLibre Stock Performance
NASDAQ:MELI opened at $2,482.39 on Friday. The firm has a market capitalization of $125.85 billion, a PE ratio of 65.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The business's fifty day moving average price is $2,288.33 and its 200 day moving average price is $2,062.44. MercadoLibre, Inc. has a 12 month low of $1,550.00 and a 12 month high of $2,635.88.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts' consensus estimates 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%. The business's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.78 EPS. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on MELI shares. UBS Group set a $3,000.00 price objective on MercadoLibre in a report on Monday, June 2nd. Barclays boosted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Bank of America increased their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Jefferies Financial Group restated a "hold" rating and issued a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a report on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,613.75.
Check Out Our Latest Analysis on MercadoLibre
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.
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Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).
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