Private Advisor Group LLC Has $833,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Private Advisor Group LLC lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 33.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 530 shares of the company’s stock after buying an additional 132 shares during the quarter. Private Advisor Group LLC’s holdings in MercadoLibre were worth $833,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in MercadoLibre in the 4th quarter worth about $28,000. Archer Investment Corp acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $31,000. NBC Securities Inc. bought a new stake in shares of MercadoLibre in the third quarter valued at approximately $35,000. Larson Financial Group LLC acquired a new stake in MercadoLibre during the fourth quarter worth approximately $36,000. Finally, Blue Trust Inc. increased its stake in MercadoLibre by 56.3% during the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after acquiring an additional 9 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MELI. Barclays upped their target price on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. Citigroup reduced their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Susquehanna increased their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Finally, Wedbush restated an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,820.38.

MercadoLibre Price Performance

Shares of MELI opened at $1,749.17 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66. The stock has a market cap of $88.68 billion, a PE ratio of 78.26, a PEG ratio of 1.16 and a beta of 1.45. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The business has a 50-day simple moving average of $1,526.42 and a two-hundred day simple moving average of $1,572.62.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the business earned $3.97 EPS. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. Analysts anticipate that MercadoLibre, Inc. will post 33.96 earnings per share for the current fiscal year.

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.