Goldstein Advisors LLC Purchases 56 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Goldstein Advisors LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 43.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184 shares of the company’s stock after buying an additional 56 shares during the quarter. Goldstein Advisors LLC’s holdings in MercadoLibre were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MELI. Bank Pictet & Cie Europe AG bought a new stake in MercadoLibre in the fourth quarter valued at approximately $561,000. Sigma Planning Corp lifted its position in MercadoLibre by 17.6% in the fourth quarter. Sigma Planning Corp now owns 521 shares of the company’s stock valued at $886,000 after purchasing an additional 78 shares during the last quarter. IFP Advisors Inc lifted its position in MercadoLibre by 9.7% in the fourth quarter. IFP Advisors Inc now owns 349 shares of the company’s stock valued at $593,000 after purchasing an additional 31 shares during the last quarter. ARK Investment Management LLC lifted its position in MercadoLibre by 27.8% in the fourth quarter. ARK Investment Management LLC now owns 31,171 shares of the company’s stock valued at $53,004,000 after purchasing an additional 6,773 shares during the last quarter. Finally, Impact Investors Inc bought a new stake in MercadoLibre in the fourth quarter valued at approximately $232,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.5%

NASDAQ MELI opened at $2,540.50 on Thursday. MercadoLibre, Inc. has a 12 month low of $1,563.21 and a 12 month high of $2,635.88. The stock has a market cap of $128.80 billion, a P/E ratio of 62.48, a P/E/G ratio of 1.50 and a beta of 1.51. The stock’s fifty day moving average price is $2,413.70 and its 200-day moving average price is $2,099.89. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the firm posted $6.78 earnings per share. The company’s quarterly revenue was up 37.0% on a year-over-year basis. As a group, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of recent analyst reports. UBS Group set a $3,000.00 target price on MercadoLibre in a report on Monday, June 2nd. Citigroup restated a “buy” rating on shares of MercadoLibre in a report on Friday, June 6th. Wall Street Zen downgraded MercadoLibre from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. upped their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a “neutral” rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group upped their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,632.50.

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.