Malaga Cove Capital LLC purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 434 shares of the company’s stock, valued at approximately $585,000.
A number of other institutional investors have also recently bought and sold shares of the stock. First Pacific Advisors LP boosted its holdings in MercadoLibre by 10.5% in the fourth quarter. First Pacific Advisors LP now owns 105 shares of the company’s stock valued at $142,000 after acquiring an additional 10 shares during the last quarter. Frisch Financial Group Inc. boosted its holdings in MercadoLibre by 5.1% during the fourth quarter. Frisch Financial Group Inc. now owns 206 shares of the company’s stock worth $278,000 after buying an additional 10 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in MercadoLibre by 3.7% during the third quarter. Tocqueville Asset Management L.P. now owns 310 shares of the company’s stock worth $521,000 after buying an additional 11 shares during the last quarter. Veritable L.P. boosted its holdings in MercadoLibre by 2.4% during the third quarter. Veritable L.P. now owns 463 shares of the company’s stock worth $778,000 after buying an additional 11 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its holdings in MercadoLibre by 4.4% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 259 shares of the company’s stock worth $349,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.
A number of equities analysts have issued reports on MELI shares. Susquehanna reduced their target price on MercadoLibre from $1,990.00 to $1,750.00 and set a “positive” rating on the stock in a report on Wednesday, February 23rd. Bradesco Corretora upgraded MercadoLibre from a “neutral” rating to an “outperform” rating in a report on Friday, February 25th. TheStreet upgraded MercadoLibre from a “d+” rating to a “c-” rating in a report on Friday, May 6th. Stifel Nicolaus reduced their target price on MercadoLibre from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Finally, Zacks Investment Research cut MercadoLibre from a “hold” rating to a “strong sell” rating and set a $956.00 price objective on the stock. in a report on Wednesday, March 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $1,670.50.
MercadoLibre stock traded up $43.25 during midday trading on Thursday, reaching $722.93. The stock had a trading volume of 1,233,255 shares, compared to its average volume of 682,235. The firm’s fifty day simple moving average is $1,063.97 and its 200-day simple moving average is $1,169.87. MercadoLibre, Inc. has a 1-year low of $640.00 and a 1-year high of $1,970.13. The stock has a market capitalization of $36.42 billion, a P/E ratio of 197.15 and a beta of 1.56. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.36 and a current ratio of 1.40.
MercadoLibre (NASDAQ:MELI – Get Rating) last announced its earnings results on Thursday, May 5th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.34). MercadoLibre had a net margin of 2.30% and a return on equity of 31.51%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 8.46 earnings per share for the current fiscal year.
MercadoLibre Company Profile (Get Rating)
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, 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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