71 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by MV Capital Management Inc.

MV Capital Management Inc. purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the first quarter, Holdings Channel reports. The firm purchased 71 shares of the company’s stock, valued at approximately $139,000.

Several other hedge funds have also recently added to or reduced their stakes in MELI. Human Investing LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new position in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Covestor Ltd bought a new stake in shares of MercadoLibre in the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at $32,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at $37,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Wall Street Zen downgraded MercadoLibre from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Jefferies Financial Group restated a “hold” rating and set a $2,800.00 target price (up from $2,450.00) on shares of MercadoLibre in a report on Thursday, June 5th. The Goldman Sachs Group lifted their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, UBS Group set a $3,000.00 price objective on MercadoLibre in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $2,632.50.

MercadoLibre Price Performance

MELI opened at $2,387.00 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The stock has a market capitalization of $121.01 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The stock’s 50 day moving average price is $2,318.55 and its 200-day moving average price is $2,070.71. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter in the previous year, the business posted $6.78 earnings per share. The firm’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre Company Profile

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.