Callahan Advisors LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,165 shares of the company’s stock, valued at approximately $2,347,000.
A number of other large investors also recently bought and sold shares of MELI. Bison Wealth LLC acquired a new position in MercadoLibre in the 4th quarter worth about $206,000. Empowered Funds LLC raised its holdings in MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after purchasing an additional 49 shares during the period. Focus Partners Wealth raised its holdings in MercadoLibre by 42.0% in the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after purchasing an additional 178 shares during the period. Sivia Capital Partners LLC acquired a new position in MercadoLibre in the 2nd quarter worth about $261,000. Finally, Gamco Investors INC. ET AL raised its holdings in MercadoLibre by 21.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.
MercadoLibre Price Performance
NASDAQ:MELI opened at $1,651.20 on Thursday. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,645.22. The stock has a 50 day moving average of $1,724.86 and a two-hundred day moving average of $1,928.17. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market cap of $83.72 billion, a P/E ratio of 43.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41.
Analysts Set New Price Targets
A number of research firms recently weighed in on MELI. UBS Group reduced their price target on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Benchmark reduced their price target on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a report on Friday, May 8th. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Barclays reduced their price target on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a report on Monday, May 11th. Finally, Wedbush cut their price objective on MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,255.33.
View Our Latest Analysis on MercadoLibre
About MercadoLibre
MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.
Key offerings include its marketplace platform and a suite of logistics and payment services.
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