MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 195 shares of the company’s stock after acquiring an additional 14 shares during the period. Schechter Investment Advisors LLC’s holdings in MercadoLibre were worth $380,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in MercadoLibre in the fourth quarter valued at approximately $26,000. Covestor Ltd purchased a new position in MercadoLibre in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC purchased a new position in MercadoLibre in the fourth quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in MercadoLibre by 375.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company’s stock valued at $37,000 after buying an additional 15 shares during the period. Finally, VSM Wealth Advisory LLC purchased a new position in MercadoLibre in the fourth quarter valued at approximately $37,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.4%

Shares of NASDAQ:MELI opened at $2,390.00 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $2,491.92 and a 200 day simple moving average of $2,170.28. The firm has a market cap of $121.17 billion, a PE ratio of 58.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49. MercadoLibre, Inc. has a 12-month low of $1,579.78 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the previous year, the firm earned $6.78 earnings per share. The business’s revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MELI. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a “neutral” rating in a report on Thursday, May 22nd. Citigroup restated a “buy” rating on shares of MercadoLibre in a report on Friday, June 6th. The Goldman Sachs Group raised their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Barclays raised their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,645.94.

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.