NorthRock Partners LLC Invests $372,000 in MercadoLibre, Inc. (NASDAQ:MELI)

NorthRock Partners LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 219 shares of the company’s stock, valued at approximately $372,000.

Other large investors have also recently made changes to their positions in the company. Human Investing LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. increased its position in shares of MercadoLibre by 220.0% during the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock valued at $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $32,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MELI. Cantor Fitzgerald decreased their target price on MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a “buy” rating on shares of MercadoLibre in a research report on Tuesday, April 15th. Susquehanna raised their target price on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Bank of America increased their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Raymond James upgraded MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price target for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2,521.33.

MercadoLibre Stock Down 0.1%

MELI stock opened at $2,584.92 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $131.05 billion, a PE ratio of 68.57, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,610.30. The stock has a 50-day simple moving average of $2,135.04 and a two-hundred day simple moving average of $1,999.88.

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