MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 35.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,080 shares of the company's stock after purchasing an additional 540 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in MercadoLibre were worth $4,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. CRA Financial Services LLC acquired a new position in shares of MercadoLibre during the first quarter worth $211,000. Opal Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the 1st quarter worth about $88,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of MercadoLibre by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,218 shares of the company's stock valued at $8,230,000 after acquiring an additional 169 shares during the last quarter. Griffin Asset Management Inc. raised its position in shares of MercadoLibre by 2.4% during the 1st quarter. Griffin Asset Management Inc. now owns 1,995 shares of the company's stock worth $3,892,000 after acquiring an additional 46 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in MercadoLibre by 12.7% during the first quarter. CVA Family Office LLC now owns 71 shares of the company's stock worth $139,000 after purchasing an additional 8 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded up $82.78 on Monday, reaching $2,454.76. 350,877 shares of the stock were exchanged, compared to its average volume of 415,603. The firm has a market capitalization of $124.45 billion, a PE ratio of 65.11, a PEG ratio of 1.12 and a beta of 1.51. The business has a fifty day moving average price of $2,340.95 and a two-hundred day moving average price of $2,074.79. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,635.88. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share 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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the company posted $6.78 earnings per share. MercadoLibre's quarterly revenue was up 37.0% on a year-over-year basis. As a group, research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Bank of America raised their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research report on Thursday, May 1st. Barclays upped their price objective on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Finally, Cantor Fitzgerald dropped their price target on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,632.50.

About MercadoLibre

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.