Alpha Family Trust Has $12.47 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Alpha Family Trust boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELIGet Rating) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,246 shares of the company’s stock after buying an additional 2,400 shares during the quarter. MercadoLibre makes up about 3.5% of Alpha Family Trust’s investment portfolio, making the stock its 10th largest holding. Alpha Family Trust’s holdings in MercadoLibre were worth $12,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Pacific Advisors LP boosted its position in shares of MercadoLibre by 10.5% in the fourth quarter. First Pacific Advisors LP now owns 105 shares of the company’s stock worth $142,000 after purchasing an additional 10 shares during the period. Frisch Financial Group Inc. boosted its position in shares of MercadoLibre by 5.1% in the fourth quarter. Frisch Financial Group Inc. now owns 206 shares of the company’s stock worth $278,000 after purchasing an additional 10 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of MercadoLibre by 3.7% in the third quarter. Tocqueville Asset Management L.P. now owns 310 shares of the company’s stock worth $521,000 after purchasing an additional 11 shares during the period. Veritable L.P. boosted its position in shares of MercadoLibre by 2.4% in the third quarter. Veritable L.P. now owns 463 shares of the company’s stock worth $778,000 after purchasing an additional 11 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its position in shares of MercadoLibre by 4.4% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 259 shares of the company’s stock worth $349,000 after purchasing an additional 11 shares during the period. Institutional investors own 79.61% of the company’s stock.

MercadoLibre stock traded up $47.07 during mid-day trading on Tuesday, reaching $834.88. 681,789 shares of the company’s stock traded hands, compared to its average volume of 684,793. The company has a market cap of $42.06 billion, a price-to-earnings ratio of 227.49 and a beta of 1.56. The stock has a 50 day moving average of $1,048.52 and a two-hundred day moving average of $1,147.01. The company has a quick ratio of 1.36, a current ratio of 1.40 and a debt-to-equity ratio of 1.66. MercadoLibre, Inc. has a 12-month low of $640.00 and a 12-month high of $1,970.13.

MercadoLibre (NASDAQ:MELIGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.30 earnings per share 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 21.93%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the firm earned $0.31 EPS. The company’s revenue was up 63.1% on a year-over-year basis. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 6.79 earnings per share for the current year.

A number of equities analysts have weighed in on MELI shares. Susquehanna dropped their price target on shares of MercadoLibre from $1,990.00 to $1,750.00 and set a “positive” rating for the company in a research report on Wednesday, February 23rd. TheStreet raised shares of MercadoLibre from a “d+” rating to a “c-” rating in a report on Friday, May 6th. Credit Suisse Group lowered their target price on shares of MercadoLibre from $1,685.00 to $1,440.00 in a report on Monday, May 2nd. Citigroup lowered their target price on shares of MercadoLibre from $1,750.00 to $1,500.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, StockNews.com raised shares of MercadoLibre from a “sell” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $1,670.50.

In other news, Director Emiliano Calemzuk sold 75 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $1,008.61, for a total value of $75,645.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP La Serna Juan Martin De purchased 100 shares of the business’s stock in a transaction dated Wednesday, March 9th. The stock was bought at an average price of $939.00 per share, for a total transaction of $93,900.00. The disclosure for this purchase can be found here. Insiders have acquired 205 shares of company stock worth $188,950 in the last quarter. Company insiders own 0.39% of the company’s stock.

MercadoLibre 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.

See Also

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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