100 Shares in MercadoLibre, Inc. $MELI Bought by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 100 shares of the company’s stock, valued at approximately $261,000.

A number of other large investors also recently made changes to their positions in the company. Key Financial Inc purchased a new stake in MercadoLibre in the 1st quarter valued at about $25,000. GW&K Investment Management LLC bought a new position in shares of MercadoLibre in the first quarter valued at approximately $25,000. Close Asset Management Ltd increased its position in shares of MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares during the last quarter. Brooklyn Investment Group increased its position in shares of MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after acquiring an additional 13 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in MercadoLibre during the first quarter worth $29,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Trading Down 0.5%

Shares of MercadoLibre stock opened at $2,316.40 on Tuesday. The company’s 50-day moving average price is $2,308.75 and its 200-day moving average price is $2,376.21. The company has a market cap of $117.43 billion, a price-to-earnings ratio of 56.53, a PEG ratio of 1.56 and a beta of 1.46. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). The firm had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $7.19 billion. MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.83 earnings per share. On average, equities analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MELI. Raymond James Financial reaffirmed a “strong-buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Susquehanna dropped their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday. Morgan Stanley upped their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,822.35.

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.