Toth Financial Advisory Corp Acquires 22 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Toth Financial Advisory Corp boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 12.2% during the third quarter, Holdings Channel.com reports. The fund owned 202 shares of the company’s stock after buying an additional 22 shares during the quarter. Toth Financial Advisory Corp’s holdings in MercadoLibre were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GQG Partners LLC grew its stake in MercadoLibre by 442.2% in the 1st quarter. GQG Partners LLC now owns 794,782 shares of the company’s stock worth $1,201,679,000 after buying an additional 648,198 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in MercadoLibre by 43.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 771,893 shares of the company’s stock valued at $1,167,073,000 after acquiring an additional 232,787 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in MercadoLibre during the second quarter valued at about $2,913,000. Janus Henderson Group PLC lifted its stake in MercadoLibre by 55.8% during the first quarter. Janus Henderson Group PLC now owns 368,559 shares of the company’s stock worth $557,225,000 after purchasing an additional 132,028 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of MercadoLibre by 12.7% in the 1st quarter. Capital World Investors now owns 845,749 shares of the company’s stock worth $1,278,738,000 after purchasing an additional 95,029 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 1.0 %

Shares of MELI opened at $2,100.58 on Tuesday. MercadoLibre, Inc. has a 1-year low of $1,141.04 and a 1-year high of $2,161.73. The firm has a market capitalization of $106.49 billion, a price-to-earnings ratio of 93.99, a PEG ratio of 1.25 and a beta of 1.61. The firm’s 50-day moving average price is $2,038.67 and its 200-day moving average price is $1,770.04. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on MELI shares. Cantor Fitzgerald restated an “overweight” rating and issued a $2,530.00 target price on shares of MercadoLibre in a research report on Monday, October 7th. Citigroup increased their target price on shares of MercadoLibre from $2,000.00 to $2,200.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Morgan Stanley boosted their price target on shares of MercadoLibre from $2,175.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Bank of America boosted their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2,283.00.

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.