Thurston Springer Miller Herd & Titak Inc. Has $154,000 Stake in MercadoLibre, Inc. (NASDAQ:MELI)

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 125.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79 shares of the company’s stock after acquiring an additional 44 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in MercadoLibre were worth $154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors raised its holdings in shares of MercadoLibre by 8.0% during the fourth quarter. Capital Research Global Investors now owns 2,415,815 shares of the company’s stock worth $4,108,079,000 after acquiring an additional 179,807 shares during the period. Capital International Investors raised its holdings in shares of MercadoLibre by 38.7% during the fourth quarter. Capital International Investors now owns 1,687,114 shares of the company’s stock worth $2,868,869,000 after acquiring an additional 470,829 shares during the period. Capital World Investors raised its holdings in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company’s stock worth $2,667,386,000 after acquiring an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD raised 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 acquiring an additional 405,425 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in MercadoLibre by 0.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company’s stock valued at $927,239,000 after buying an additional 2,048 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MELI. Citigroup reiterated a “buy” rating on shares of MercadoLibre in a research note on Friday. Morgan Stanley reiterated an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Barclays lifted their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Bank of America lifted their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Wall Street Zen lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $2,613.75.

MercadoLibre Stock Down 3.8%

MercadoLibre stock opened at $2,482.39 on Friday. The firm has a market capitalization of $125.85 billion, a PE ratio of 65.85, a P/E/G ratio of 1.12 and a beta of 1.51. 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 company’s 50-day moving average is $2,288.33 and its 200-day moving average is $2,061.53. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,635.88.

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

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.