Western Wealth Management LLC Makes New $234,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Western Wealth Management LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 149 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also bought and sold shares of MELI. CWM LLC lifted its stake in MercadoLibre by 10.5% during the 3rd quarter. CWM LLC now owns 912 shares of the company’s stock valued at $1,157,000 after acquiring an additional 87 shares during the period. AE Wealth Management LLC lifted its stake in MercadoLibre by 23.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,383 shares of the company’s stock valued at $3,021,000 after acquiring an additional 451 shares during the period. IFP Advisors Inc lifted its stake in MercadoLibre by 19.3% during the 3rd quarter. IFP Advisors Inc now owns 216 shares of the company’s stock valued at $274,000 after acquiring an additional 35 shares during the period. Traynor Capital Management Inc. acquired a new position in shares of MercadoLibre in the 3rd quarter valued at $306,000. Finally, Impact Partnership Wealth LLC lifted its stake in shares of MercadoLibre by 118.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 35 shares of the company’s stock valued at $44,000 after purchasing an additional 19 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,368.23 on Tuesday. MercadoLibre, Inc. has a 52-week low of $1,063.02 and a 52-week high of $1,825.00. The firm has a market capitalization of $69.37 billion, a price-to-earnings ratio of 70.02, a PEG ratio of 0.87 and a beta of 1.44. The company has a fifty day simple moving average of $1,552.54 and a 200-day simple moving average of $1,528.67. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the company posted $3.25 EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, equities analysts anticipate that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on MELI shares. Barclays decreased their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Susquehanna boosted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. boosted their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. UBS Group decreased their target price on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $2,000.00 target price on shares of MercadoLibre in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $1,813.85.

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.