Hantz Financial Services Inc. Takes Position in MercadoLibre, Inc. (NASDAQ:MELI)

Hantz Financial Services Inc. acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,002 shares of the company’s stock, valued at approximately $3,290,000.

A number of other large investors also recently modified their holdings of MELI. First PREMIER Bank purchased a new stake in MercadoLibre in the 1st quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of MercadoLibre by 1,600.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock worth $28,000 after purchasing an additional 16 shares during the period. DSM Capital Partners LLC purchased a new stake in shares of MercadoLibre in the fourth quarter worth $36,000. Scarborough Advisors LLC bought a new stake in MercadoLibre during the fourth quarter valued at $36,000. Finally, Financial Connections Group Inc. purchased a new position in MercadoLibre during the second quarter worth about $36,000. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on MELI shares. JPMorgan Chase & Co. raised their price target on MercadoLibre from $2,150.00 to $2,400.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Barclays lifted their target price on shares of MercadoLibre from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group raised their price objective on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and upped their target price for the stock from $1,400.00 to $2,100.00 in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average target price of $2,067.92.

MercadoLibre Trading Up 2.3 %

Shares of MELI opened at $2,061.66 on Friday. The firm has a fifty day simple moving average of $1,768.02 and a two-hundred day simple moving average of $1,648.77. MercadoLibre, Inc. has a twelve month low of $1,141.04 and a twelve month high of $2,064.76. The stock has a market capitalization of $104.52 billion, a P/E ratio of 92.24, a PEG ratio of 1.13 and a beta of 1.60. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.66.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating analysts’ consensus estimates of $8.53 by $1.95. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.64 billion. MercadoLibre had a return on equity of 45.61% and a net margin of 8.03%. MercadoLibre’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.16 EPS. On average, research analysts anticipate that MercadoLibre, Inc. will post 33.4 EPS for the current year.

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.