149 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Western Wealth Management LLC

Western Wealth Management LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 149 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bender Robert & Associates increased its position in MercadoLibre by 0.3% during the 4th quarter. Bender Robert & Associates now owns 14,079 shares of the company’s stock worth $22,126,000 after purchasing an additional 39 shares in the last quarter. Oliver Lagore Vanvalin Investment Group increased its position in MercadoLibre by 38.9% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 757 shares of the company’s stock worth $1,190,000 after purchasing an additional 212 shares in the last quarter. Federated Hermes Inc. boosted its holdings in MercadoLibre by 15.5% in the 4th quarter. Federated Hermes Inc. now owns 23,853 shares of the company’s stock worth $37,486,000 after acquiring an additional 3,198 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in MercadoLibre by 74.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 103 shares of the company’s stock worth $162,000 after acquiring an additional 44 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in MercadoLibre by 1.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,685 shares of the company’s stock worth $8,934,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MELI. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush restated an “outperform” rating and issued a $2,000.00 price target on shares of MercadoLibre in a report on Tuesday, March 5th. Barclays decreased their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. UBS Group decreased their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. upped their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $1,813.85.

MercadoLibre Stock Performance

MercadoLibre stock opened at $1,368.23 on Tuesday. The stock has a 50 day moving average of $1,552.54 and a 200-day moving average of $1,528.67. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The stock has a market cap of $69.37 billion, a P/E ratio of 70.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the business earned $3.25 earnings per share. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, analysts expect that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal year.

MercadoLibre 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.