Marks Group Wealth Management Inc Buys Shares of 150 MercadoLibre, Inc. (NASDAQ:MELI)

Marks Group Wealth Management Inc bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 150 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors also recently bought and sold shares of the stock. WCM Investment Management LLC increased its stake in shares of MercadoLibre by 74.8% in the fourth quarter. WCM Investment Management LLC now owns 1,162,724 shares of the company’s stock worth $1,838,964,000 after purchasing an additional 497,535 shares during the period. Morgan Stanley increased its stake in shares of MercadoLibre by 10.2% in the third quarter. Morgan Stanley now owns 2,558,467 shares of the company’s stock worth $3,243,832,000 after purchasing an additional 236,744 shares during the period. International Assets Investment Management LLC increased its stake in shares of MercadoLibre by 112,333.8% in the fourth quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of MercadoLibre by 108.1% in the third quarter. Royal London Asset Management Ltd. now owns 195,919 shares of the company’s stock worth $248,475,000 after purchasing an additional 101,757 shares during the period. Finally, Hardman Johnston Global Advisors LLC increased its stake in shares of MercadoLibre by 70.9% in the third quarter. Hardman Johnston Global Advisors LLC now owns 203,083 shares of the company’s stock worth $257,485,000 after purchasing an additional 84,239 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MELI shares. UBS Group lowered their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. StockNews.com lowered MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Susquehanna boosted their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Wedbush lowered their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Citigroup lowered their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

MercadoLibre Stock Up 2.0 %

Shares of MELI opened at $1,395.00 on Wednesday. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. The company has a market capitalization of $70.73 billion, a P/E ratio of 71.39, a PEG ratio of 0.88 and a beta of 1.44. The business’s 50 day simple moving average is $1,546.31 and its 200-day simple moving average is $1,529.78.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $6.66 by ($3.41). The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.25 EPS. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal 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.