105 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 105 shares of the company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. 1620 Investment Advisors Inc. raised its position in shares of MercadoLibre by 2.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock valued at $346,000 after purchasing an additional 5 shares during the period. Texas Yale Capital Corp. increased its holdings in MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after acquiring an additional 5 shares during the period. Meiji Yasuda Life Insurance Co increased its holdings in MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after acquiring an additional 5 shares during the period. Formidable Asset Management LLC increased its holdings in MercadoLibre by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after acquiring an additional 5 shares during the period. Finally, Revolve Wealth Partners LLC increased its holdings in MercadoLibre by 4.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock worth $201,000 after acquiring an additional 5 shares during the period. Institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 2.4%

NASDAQ MELI traded up $56.76 during trading on Friday, hitting $2,407.90. The company had a trading volume of 106,057 shares, compared to its average volume of 386,814. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. MercadoLibre, Inc. has a one year low of $1,579.78 and a one year high of $2,645.22. The company has a market cap of $122.08 billion, a price-to-earnings ratio of 59.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company's fifty day moving average is $2,493.54 and its 200-day moving average is $2,176.24.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the business earned $6.78 EPS. On average, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MELI. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 price target (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. 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. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given 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 $2,645.94.

MercadoLibre 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.