Dohj LLC Acquires 13 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Dohj LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 4.0% during the 1st quarter, Holdings Channel reports. The firm owned 338 shares of the company’s stock after buying an additional 13 shares during the period. Dohj LLC’s holdings in MercadoLibre were worth $511,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MELI. First PREMIER Bank bought a new stake in MercadoLibre in the 1st quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $28,000. Archer Investment Corp bought a new stake in MercadoLibre in the 4th quarter worth approximately $31,000. Larson Financial Group LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $36,000. Finally, DSM Capital Partners LLC bought a new stake in MercadoLibre in the 4th quarter worth approximately $36,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 1.1 %

Shares of MELI stock traded down $18.07 during mid-day trading on Thursday, hitting $1,660.89. The stock had a trading volume of 250,630 shares, compared to its average volume of 378,121. 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 firm has a market capitalization of $84.21 billion, a P/E ratio of 74.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.60. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00. The firm’s 50-day moving average is $1,605.20 and its two-hundred day moving average is $1,606.76.

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

Analyst Ratings Changes

A number of analysts have issued reports on MELI shares. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,400.00 to $2,100.00 in a research note on Monday, May 20th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. UBS Group dropped their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Citigroup dropped their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Wedbush restated an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,881.92.

MercadoLibre Company 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.