Captrust Financial Advisors lessened its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,051 shares of the company's stock after selling 142 shares during the quarter. Captrust Financial Advisors' holdings in MercadoLibre were worth $3,488,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Human Investing LLC bought a new position in MercadoLibre during the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. increased its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock worth $27,000 after acquiring an additional 11 shares during the period. Brown Lisle Cummings Inc. lifted its position in MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd acquired a new position in MercadoLibre during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new position in MercadoLibre in the 4th quarter worth about $32,000. Institutional investors own 87.62% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on MELI shares. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $2,000.00 to $2,300.00 in a report on Thursday, January 30th. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a report on Tuesday, April 15th. Raymond James upgraded MercadoLibre from an "outperform" rating to a "strong-buy" rating and set a $2,250.00 target price for the company in a research report on Tuesday, January 21st. Finally, StockNews.com raised MercadoLibre from a "hold" rating to a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, MercadoLibre has an average rating of "Moderate Buy" and an average price target of $2,504.67.
Check Out Our Latest Report on MercadoLibre
MercadoLibre Trading Up 1.8 %
NASDAQ:MELI opened at $2,452.53 on Friday. The stock's 50-day moving average is $2,081.98 and its two-hundred day moving average is $1,982.03. 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 stock has a market cap of $124.34 billion, a PE ratio of 65.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,501.00.
MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter last year, the business posted $6.78 EPS. The company's revenue for the quarter was up 37.0% on a year-over-year basis. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.
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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