Vestmark Advisory Solutions Inc. Makes New Investment in MercadoLibre, Inc. $MELI

Key Points

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Vestmark Advisory Solutions Inc. purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 200 shares of the company's stock, valued at approximately $390,000.

Several other institutional investors have also added to or reduced their stakes in MELI. Key Financial Inc bought a new stake in MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC bought a new stake in shares of MercadoLibre during the 1st quarter valued at $25,000. Park Square Financial Group LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $26,000. Close Asset Management Ltd lifted its position in shares of MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after acquiring an additional 11 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter valued at $32,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

Shares of MELI stock traded up $93.18 on Friday, hitting $2,430.62. 436,058 shares of the company's stock were exchanged, compared to its average volume of 377,300. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The stock has a market cap of $123.23 billion, a P/E ratio of 60.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.46. The company has a 50 day moving average of $2,411.33 and a 200 day moving average of $2,277.73.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter in the prior year, the company earned $10.48 earnings per share. MercadoLibre's quarterly revenue was up 33.8% compared to the same quarter last year. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MELI. Susquehanna reiterated a "positive" rating and set a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Benchmark reiterated a "buy" rating and set a $2,875.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. UBS Group set a $3,000.00 target price on MercadoLibre in a research report on Monday, June 2nd. Finally, Wedbush set a $2,700.00 target price on MercadoLibre and gave the company an "outperform" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus price target of $2,817.22.

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.