B. Riley Wealth Advisors Inc. Has $1.55 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

B. Riley Wealth Advisors Inc. raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,022 shares of the company’s stock after acquiring an additional 22 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in MercadoLibre were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First PREMIER Bank bought a new stake in shares of MercadoLibre in the first quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of MercadoLibre in the fourth quarter valued at about $28,000. Archer Investment Corp bought a new stake in shares of MercadoLibre in the fourth quarter valued at about $31,000. Larson Financial Group LLC bought a new stake in shares of MercadoLibre in the fourth quarter valued at about $36,000. Finally, DSM Capital Partners LLC bought a new stake in shares of MercadoLibre in the fourth quarter valued at about $36,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. New Street Research lowered MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Wedbush reiterated an “outperform” rating and set a $1,800.00 target price on shares of MercadoLibre in a report on Friday, May 3rd. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a report on Tuesday, April 23rd. UBS Group dropped their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Barclays upped their target price on MercadoLibre from $1,800.00 to $2,000.00 and gave the stock an “overweight” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,936.82.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,668.90 on Thursday. MercadoLibre, Inc. has a 12 month low of $1,141.04 and a 12 month high of $1,825.00. The stock’s 50 day moving average is $1,647.39 and its 200-day moving average is $1,619.97. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $84.61 billion, a price-to-earnings ratio of 74.67, a PEG ratio of 1.20 and a beta of 1.60.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.64 by $0.14. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a return on equity of 39.46% and a net margin of 7.17%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.97 earnings per share. Equities research analysts expect that MercadoLibre, Inc. will post 33.38 EPS 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.