MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260 shares of the company’s stock after purchasing an additional 17 shares during the quarter. Signaturefd LLC’s holdings in MercadoLibre were worth $534,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its stake in MercadoLibre by 42.7% in the third quarter. Sequoia Financial Advisors LLC now owns 1,491 shares of the company’s stock valued at $3,060,000 after purchasing an additional 446 shares during the period. Whittier Trust Co. increased its stake in shares of MercadoLibre by 4.2% during the third quarter. Whittier Trust Co. now owns 1,303 shares of the company’s stock worth $2,674,000 after acquiring an additional 53 shares during the period. Toth Financial Advisory Corp increased its stake in shares of MercadoLibre by 12.2% during the third quarter. Toth Financial Advisory Corp now owns 202 shares of the company’s stock worth $414,000 after acquiring an additional 22 shares during the period. Heritage Wealth Management Inc. CA acquired a new position in shares of MercadoLibre during the third quarter worth about $259,000. Finally, OLD National Bancorp IN increased its stake in shares of MercadoLibre by 25.3% during the third quarter. OLD National Bancorp IN now owns 347 shares of the company’s stock worth $712,000 after acquiring an additional 70 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Down 0.4 %

Shares of NASDAQ MELI opened at $2,047.35 on Friday. MercadoLibre, Inc. has a 12-month low of $1,162.73 and a 12-month high of $2,161.73. The company has a market capitalization of $103.80 billion, a PE ratio of 73.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26. The firm’s 50-day moving average is $2,045.69 and its two-hundred day moving average is $1,777.82.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $1.95. The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.16 earnings per share. Equities analysts anticipate that MercadoLibre, Inc. will post 37.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MELI. The Goldman Sachs Group boosted their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Redburn Atlantic began coverage on shares of MercadoLibre in a research note on Friday, October 11th. They set a “buy” rating and a $2,800.00 price target on the stock. Susquehanna boosted their price target on shares of MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research note on Wednesday, August 28th. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Finally, BTIG Research boosted their price objective on shares of MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,301.67.

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.