Personal Wealth Partners acquired a new stake in shares of Mercadolibre Inc (NASDAQ:MELI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 400 shares of the company’s stock, valued at approximately $203,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new position in shares of Mercadolibre during the 1st quarter valued at about $34,000. Csenge Advisory Group acquired a new stake in Mercadolibre in the 3rd quarter valued at approximately $42,000. We Are One Seven LLC acquired a new stake in Mercadolibre in the 4th quarter valued at approximately $51,000. Larson Financial Group LLC acquired a new stake in Mercadolibre in the 4th quarter valued at approximately $59,000. Finally, Bogart Wealth LLC grew its holdings in Mercadolibre by 15.8% in the 4th quarter. Bogart Wealth LLC now owns 374 shares of the company’s stock valued at $109,000 after buying an additional 51 shares during the last quarter. 91.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:MELI traded down $12.29 during trading on Wednesday, hitting $489.67. 8,431 shares of the stock were exchanged, compared to its average volume of 511,174. Mercadolibre Inc has a 1-year low of $257.52 and a 1-year high of $527.09. The firm has a market capitalization of $22.59 billion, a PE ratio of -597.13 and a beta of 2.22. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 1.79.
Mercadolibre (NASDAQ:MELI) last announced its quarterly earnings data on Tuesday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.13. Mercadolibre had a negative return on equity of 13.47% and a negative net margin of 2.54%. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $400.80 million. During the same quarter last year, the firm earned ($1.53) EPS. Mercadolibre’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that Mercadolibre Inc will post 0.4 EPS for the current year.
A number of analysts have issued reports on MELI shares. BTIG Research reaffirmed a “buy” rating and issued a $410.00 target price on shares of Mercadolibre in a report on Wednesday, January 16th. Credit Suisse Group raised their target price on Mercadolibre from $387.00 to $398.00 and gave the company an “outperform” rating in a report on Monday, January 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $460.00 target price on shares of Mercadolibre in a report on Wednesday, February 27th. BidaskClub raised Mercadolibre from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 6th. Finally, Piper Jaffray Companies raised their target price on Mercadolibre to $442.00 and gave the company an “overweight” rating in a report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $443.92.
In other news, Director Emiliano Calemzuk acquired 120 shares of the firm’s stock in a transaction dated Saturday, March 9th. The shares were bought at an average price of $414.14 per share, with a total value of $49,696.80. Following the acquisition, the director now owns 2,669 shares of the company’s stock, valued at $1,105,339.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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