MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Seneca House Advisors

Seneca House Advisors raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 3.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 247 shares of the company’s stock after purchasing an additional 8 shares during the period. Seneca House Advisors’ holdings in MercadoLibre were worth $482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MELI. Human Investing LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $26,000. Park Square Financial Group LLC acquired a new position in MercadoLibre during the 4th quarter valued at about $26,000. Covestor Ltd acquired a new position in MercadoLibre during the 4th quarter valued at about $27,000. Mather Group LLC. boosted its stake in MercadoLibre by 171.4% during the 4th quarter. Mather Group LLC. now owns 19 shares of the company’s stock valued at $32,000 after purchasing an additional 12 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in MercadoLibre during the 4th quarter valued at about $32,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a “positive” rating in a research note on Friday, February 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Benchmark downgraded shares of MercadoLibre from a “buy” rating to a “cautious” rating in a report on Thursday, May 1st. Barclays boosted their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Finally, Bank of America boosted their target price on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a “buy” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus target price of $2,613.75.

MercadoLibre Price Performance

NASDAQ:MELI opened at $2,482.39 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $2,288.33 and a 200 day simple moving average of $2,061.53. MercadoLibre, Inc. has a 1-year low of $1,550.00 and a 1-year high of $2,635.88. The stock has a market capitalization of $125.85 billion, a PE ratio of 65.85, a P/E/G ratio of 1.12 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping analysts’ consensus estimates of $7.82 by $1.92. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.78 earnings per share. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.