PFW Advisors LLC Buys New Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

PFW Advisors LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 106 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently bought and sold shares of the stock. Mather Group LLC. grew its stake in shares of MercadoLibre by 171.4% during the fourth quarter. Mather Group LLC. now owns 19 shares of the company’s stock worth $32,000 after buying an additional 12 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of MercadoLibre by 5.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 407 shares of the company’s stock valued at $692,000 after purchasing an additional 22 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of MercadoLibre by 5.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 289 shares of the company’s stock valued at $493,000 after purchasing an additional 16 shares during the period. Leo Wealth LLC increased its position in shares of MercadoLibre by 53.4% during the fourth quarter. Leo Wealth LLC now owns 623 shares of the company’s stock worth $1,060,000 after acquiring an additional 217 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of MercadoLibre by 9.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,519 shares of the company’s stock worth $7,684,000 after acquiring an additional 379 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Down 3.8%

Shares of MELI stock opened at $2,482.39 on Friday. The firm has a market cap of $125.85 billion, a P/E ratio of 65.85, a PEG ratio of 1.12 and a beta of 1.51. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,635.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The firm’s 50-day simple moving average is $2,288.33 and its 200-day simple moving average is $2,062.44.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MELI. Wall Street Zen downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a research report on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Barclays raised their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of MercadoLibre in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,613.75.

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.