Sigma Planning Corp Has $1.09 Million Holdings in MercadoLibre, Inc. $MELI

Sigma Planning Corp raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 226.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 542 shares of the company’s stock after acquiring an additional 376 shares during the quarter. Sigma Planning Corp’s holdings in MercadoLibre were worth $1,093,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MELI. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of MercadoLibre during the second quarter worth approximately $29,000. Holos Integrated Wealth LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth approximately $32,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of MercadoLibre during the third quarter worth approximately $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of MercadoLibre during the third quarter worth approximately $35,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MELI shares. Zacks Research lowered MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. UBS Group lowered their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. BTIG Research reaffirmed a “buy” rating and set a $2,400.00 target price on shares of MercadoLibre in a research report on Friday, April 10th. Itau BBA Securities reaffirmed an “outperform” rating on shares of MercadoLibre in a research report on Wednesday, February 25th. Finally, Weiss Ratings lowered MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,685.33.

MercadoLibre Trading Down 2.0%

NASDAQ MELI opened at $1,813.53 on Tuesday. The firm has a market capitalization of $91.95 billion, a P/E ratio of 46.03, a PEG ratio of 0.92 and a beta of 1.41. The business has a fifty day simple moving average of $1,760.90 and a 200 day simple moving average of $1,971.47. MercadoLibre, Inc. has a 12 month low of $1,593.21 and a 12 month high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The business had revenue of $8.76 billion during the quarter. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%. On average, analysts predict that MercadoLibre, Inc. will post 48.79 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.