Jump Financial LLC Has $5.81 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Jump Financial LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 94.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,697 shares of the company's stock after purchasing an additional 1,795 shares during the period. Jump Financial LLC's holdings in MercadoLibre were worth $5,810,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MELI. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of MercadoLibre during the 4th quarter worth about $28,000. Archer Investment Corp purchased a new stake in MercadoLibre in the 4th quarter worth approximately $31,000. NBC Securities Inc. acquired a new position in MercadoLibre in the 3rd quarter valued at $35,000. Larson Financial Group LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth $36,000. Finally, Blue Trust Inc. boosted its holdings in shares of MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company's stock worth $39,000 after purchasing an additional 9 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Down 0.1 %

NASDAQ MELI traded down $1.43 on Friday, reaching $1,693.97. The company had a trading volume of 230,149 shares, compared to its average volume of 500,202. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.24. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The firm has a 50-day moving average of $1,508.16 and a 200-day moving average of $1,557.22. The firm has a market capitalization of $85.88 billion, a PE ratio of 75.79, a P/E/G ratio of 1.12 and a beta of 1.45.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, topping analysts' consensus estimates of $6.64 by $0.14. The business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The business's revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.97 earnings per share. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 33.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MELI shares. DZ Bank upgraded MercadoLibre from a "hold" rating to a "buy" rating and set a $1,685.00 target price on the stock in a research report on Tuesday, April 23rd. Barclays lowered their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an "overweight" rating for the company in a report on Wednesday, April 3rd. UBS Group cut their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a "buy" rating on the stock in a research note on Wednesday, April 17th. Susquehanna boosted their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a "positive" rating in a research note on Friday, February 23rd. Finally, Citigroup cut their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a "buy" rating on the stock in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,805.00.

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.