MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by KPP Advisory Services LLC

KPP Advisory Services LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 18.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 565 shares of the company’s stock after acquiring an additional 87 shares during the period. KPP Advisory Services LLC’s holdings in MercadoLibre were worth $1,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital International Investors grew its stake in shares of MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock valued at $2,868,869,000 after purchasing an additional 470,829 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company’s stock worth $2,370,848,000 after purchasing an additional 405,425 shares during the period. Wealthfront Advisers LLC purchased a new position in MercadoLibre in the 4th quarter valued at $565,306,000. Capital World Investors increased its stake in MercadoLibre by 24.5% in the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock valued at $2,667,386,000 after buying an additional 308,973 shares during the period. Finally, Norges Bank purchased a new position in MercadoLibre during the 4th quarter worth $383,051,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MELI. Wall Street Zen downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup reaffirmed a “buy” rating on shares of MercadoLibre in a report on Friday, June 6th. The Goldman Sachs Group increased their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Barclays raised their price target on MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, UBS Group set a $3,000.00 price objective on MercadoLibre in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,632.50.

MercadoLibre Stock Up 0.5%

MercadoLibre stock opened at $2,540.50 on Thursday. MercadoLibre, Inc. has a fifty-two week low of $1,563.21 and a fifty-two week high of $2,635.88. The firm has a market capitalization of $128.80 billion, a price-to-earnings ratio of 62.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.51. The stock’s fifty day moving average is $2,413.70 and its two-hundred day moving average is $2,099.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating analysts’ consensus estimates of $7.82 by $1.92. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same period in the prior year, the company earned $6.78 EPS. The firm’s revenue was up 37.0% on a year-over-year basis. 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.