First Foundation Advisors Acquires 375 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

First Foundation Advisors raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,431 shares of the company’s stock after purchasing an additional 375 shares during the quarter. First Foundation Advisors’ holdings in MercadoLibre were worth $4,134,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC boosted its position in MercadoLibre by 47.9% during the third quarter. EP Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $443,000 after purchasing an additional 70 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in MercadoLibre by 1.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 812 shares of the company’s stock valued at $1,666,000 after purchasing an additional 14 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of MercadoLibre by 2.0% in the 3rd quarter. MML Investors Services LLC now owns 4,379 shares of the company’s stock worth $8,986,000 after buying an additional 87 shares during the last quarter. Vestcor Inc raised its holdings in shares of MercadoLibre by 26.9% in the 3rd quarter. Vestcor Inc now owns 2,045 shares of the company’s stock worth $4,196,000 after purchasing an additional 433 shares during the period. Finally, Prestige Wealth Management Group LLC increased its holdings in shares of MercadoLibre by 2,333.3% in the third quarter. Prestige Wealth Management Group LLC now owns 73 shares of the company’s stock worth $150,000 after purchasing an additional 70 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 1.7 %

MELI stock opened at $1,947.12 on Thursday. The stock has a market cap of $98.71 billion, a price-to-earnings ratio of 51.65, a PEG ratio of 1.12 and a beta of 1.62. The business’s 50-day moving average is $2,035.05 and its 200 day moving average is $1,961.07. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, topping analysts’ consensus estimates of $10.21 by $2.40. The business had revenue of $6.06 billion for the quarter, compared to analysts’ expectations of $5.94 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their price target on MercadoLibre from $2,150.00 to $3,000.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a report on Tuesday, January 21st. New Street Research raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2,000.00 to $2,300.00 in a research note on Thursday, January 30th. The Goldman Sachs Group raised their target price on shares of MercadoLibre from $2,400.00 to $2,750.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Susquehanna boosted their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the company a “positive” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $2,402.81.

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.