388 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 388 shares of the company’s stock, valued at approximately $610,000.

Other hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its position in MercadoLibre by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock worth $47,000 after purchasing an additional 9 shares during the period. E Fund Management Co. Ltd. grew its position in MercadoLibre by 33.6% in the 3rd quarter. E Fund Management Co. Ltd. now owns 501 shares of the company’s stock worth $636,000 after purchasing an additional 126 shares during the period. PNC Financial Services Group Inc. grew its position in shares of MercadoLibre by 67.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,519 shares of the company’s stock valued at $8,265,000 after acquiring an additional 2,615 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of MercadoLibre by 12.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 37,109 shares of the company’s stock valued at $47,451,000 after acquiring an additional 4,049 shares during the period. Finally, Aviva PLC grew its position in shares of MercadoLibre by 1.4% during the 3rd quarter. Aviva PLC now owns 32,690 shares of the company’s stock valued at $41,447,000 after acquiring an additional 446 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of NASDAQ MELI traded up $1.61 during mid-day trading on Friday, hitting $1,582.14. 223,146 shares of the company’s stock traded hands, compared to its average volume of 298,570. The company’s 50-day moving average is $1,581.80 and its two-hundred day moving average is $1,606.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 1.25. The company has a market capitalization of $80.21 billion, a P/E ratio of 70.79, a PEG ratio of 1.16 and a beta of 1.60. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating the consensus estimate of $6.64 by $0.14. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $3.84 billion. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.97 EPS. On average, equities analysts anticipate that MercadoLibre, Inc. will post 33.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MELI. Wedbush reissued an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday, May 3rd. Jefferies Financial Group raised shares of MercadoLibre from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. Susquehanna upped their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. upped their target price 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. Finally, UBS Group decreased their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,881.92.

About MercadoLibre

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.