HWG Holdings LP Makes New $269,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

HWG Holdings LP acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 131 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of MercadoLibre by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 182,392 shares of the company’s stock worth $286,636,000 after acquiring an additional 3,577 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in MercadoLibre during the 1st quarter worth $73,000. Wealth Enhancement Advisory Services LLC increased its holdings in MercadoLibre by 19.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,482 shares of the company’s stock worth $3,753,000 after purchasing an additional 396 shares during the period. Dohj LLC raised its position in MercadoLibre by 4.0% in the 1st quarter. Dohj LLC now owns 338 shares of the company’s stock valued at $511,000 after purchasing an additional 13 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in shares of MercadoLibre in the 1st quarter valued at about $68,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $2,530.00 target price on shares of MercadoLibre in a research note on Monday, October 7th. Susquehanna raised their price objective on shares of MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a report on Wednesday, August 28th. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Redburn Atlantic initiated coverage on MercadoLibre in a report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and an average target price of $2,301.67.

MercadoLibre Stock Up 0.8 %

MELI stock opened at $2,055.93 on Friday. The company has a market cap of $104.23 billion, a price-to-earnings ratio of 91.99, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. The company has a fifty day moving average price of $2,044.50 and a 200 day moving average price of $1,775.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26. MercadoLibre, Inc. has a 12 month low of $1,162.73 and a 12 month high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The business had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the company earned $5.16 earnings per share. The business’s revenue was up 41.5% compared to the same quarter last year. Sell-side analysts expect that MercadoLibre, Inc. will post 37.55 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.