Personal CFO Solutions LLC Invests $211,000 in MercadoLibre, Inc. (NASDAQ:MELI)

Personal CFO Solutions LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 178 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MELI. Sageworth Trust Co bought a new position in shares of MercadoLibre in the first quarter worth approximately $30,000. BOKF NA bought a new position in shares of MercadoLibre in the first quarter worth approximately $38,000. Beacon Capital Management LLC increased its position in shares of MercadoLibre by 1,600.0% in the second quarter. Beacon Capital Management LLC now owns 34 shares of the company’s stock worth $40,000 after purchasing an additional 32 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of MercadoLibre by 30.8% in the second quarter. EverSource Wealth Advisors LLC now owns 34 shares of the company’s stock worth $40,000 after purchasing an additional 8 shares during the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of MercadoLibre in the fourth quarter worth approximately $43,000. 80.01% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MELI stock opened at $1,481.99 on Tuesday. The stock has a fifty day moving average of $1,297.70 and a 200 day moving average of $1,269.00. MercadoLibre, Inc. has a 52 week low of $815.85 and a 52 week high of $1,485.95. The firm has a market capitalization of $74.93 billion, a price-to-earnings ratio of 75.84, a PEG ratio of 1.44 and a beta of 1.54. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.80.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $7.16 EPS for the quarter, beating the consensus estimate of $5.88 by $1.28. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.57 billion. MercadoLibre had a return on equity of 44.56% and a net margin of 7.47%. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 earnings per share. As a group, research analysts expect that MercadoLibre, Inc. will post 21.83 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MELI. Citigroup increased their price target on shares of MercadoLibre from $1,500.00 to $1,550.00 in a research report on Wednesday, August 9th. Credit Suisse Group increased their price target on shares of MercadoLibre from $1,730.00 to $1,760.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. StockNews.com began coverage on shares of MercadoLibre in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Jefferies Financial Group cut their target price on shares of MercadoLibre from $1,400.00 to $1,300.00 and set a “hold” rating on the stock in a report on Tuesday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,700.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,643.21.

MercadoLibre Company Profile

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.