Visionary Wealth Advisors Has $1.23 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Visionary Wealth Advisors raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 720 shares of the company’s stock after purchasing an additional 103 shares during the quarter. Visionary Wealth Advisors’ holdings in MercadoLibre were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MELI. Human Investing LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. boosted its holdings in shares of MercadoLibre by 220.0% in the 4th quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of MercadoLibre by 100.0% in the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company’s stock worth $27,000 after acquiring an additional 8 shares in the last quarter. Covestor Ltd acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter worth approximately $32,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $2,578.35 on Tuesday. The firm has a fifty day moving average of $2,146.51 and a two-hundred day moving average of $2,003.13. The stock has a market capitalization of $130.71 billion, a price-to-earnings ratio of 68.39, a PEG ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a 52 week low of $1,550.00 and a 52 week high of $2,610.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25.

MercadoLibre (NASDAQ:MELI) last issued its 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. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.78 EPS. As a group, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James raised MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 target price on the stock in a report on Tuesday, January 21st. Citigroup reissued a “buy” rating on shares of MercadoLibre in a report on Tuesday, April 15th. Bank of America boosted their price objective on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Barclays boosted their price objective on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $1,950.00 to $2,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $2,521.33.

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.