Dohj LLC Takes $511,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

Dohj LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 325 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors have also recently bought and sold shares of MELI. Turtle Creek Wealth Advisors LLC acquired a new position in MercadoLibre during the fourth quarter worth $28,000. Archer Investment Corp acquired a new position in MercadoLibre during the fourth quarter worth $31,000. Proffitt & Goodson Inc. acquired a new position in MercadoLibre during the third quarter worth $32,000. NBC Securities Inc. acquired a new position in MercadoLibre during the third quarter worth $35,000. Finally, Larson Financial Group LLC acquired a new position in MercadoLibre during the fourth quarter worth $36,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush reduced their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Wednesday. Citigroup reduced their target price on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Finally, DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

MercadoLibre Stock Performance

MELI traded up $42.17 during trading on Friday, hitting $1,406.00. 443,331 shares of the company traded hands, compared to its average volume of 319,014. The firm has a market cap of $71.28 billion, a P/E ratio of 71.95, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock’s fifty day moving average is $1,523.37 and its 200 day moving average is $1,530.57.

MercadoLibre (NASDAQ:MELI) last released 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 analysts’ expectations of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. MercadoLibre’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period last year, the company earned $3.25 earnings per share. As a group, equities analysts predict that MercadoLibre, Inc. will post 34.46 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.