Tennessee Valley Asset Management Partners Buys New Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Tennessee Valley Asset Management Partners bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MELI. Turtle Creek Wealth Advisors LLC acquired a new position in MercadoLibre in the fourth quarter valued at about $28,000. Proffitt & Goodson Inc. acquired a new position in MercadoLibre in the third quarter valued at about $32,000. NBC Securities Inc. acquired a new position in MercadoLibre in the third quarter valued at about $35,000. Blue Trust Inc. boosted its position in MercadoLibre by 56.3% in the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after buying an additional 9 shares in the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in MercadoLibre by 118.8% in the third quarter. Impact Partnership Wealth LLC now owns 35 shares of the company’s stock valued at $44,000 after buying an additional 19 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 2.0 %

Shares of NASDAQ MELI opened at $1,395.00 on Wednesday. The company’s 50 day simple moving average is $1,546.31 and its 200 day simple moving average is $1,529.78. MercadoLibre, Inc. has a fifty-two week low of $1,063.02 and a fifty-two week high of $1,825.00. The firm has a market capitalization of $70.72 billion, a P/E ratio of 71.39, a P/E/G ratio of 0.87 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24.

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

Analyst Ratings Changes

A number of research firms have commented on MELI. UBS Group reduced their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Barclays reduced their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Wedbush reiterated an “outperform” rating and set a $2,000.00 target price on shares of MercadoLibre in a research report on Tuesday, March 5th. Citigroup reduced their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, Susquehanna upped their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,804.64.

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.