Mmbg Investment Advisors CO. Purchases 387 Shares of MercadoLibre, Inc. $MELI

Mmbg Investment Advisors CO. increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 21.6% in the 4th quarter, HoldingsChannel reports. The fund owned 2,180 shares of the company’s stock after acquiring an additional 387 shares during the period. Mmbg Investment Advisors CO.’s holdings in MercadoLibre were worth $4,391,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Wilkinson Global Asset Management LLC raised its stake in shares of MercadoLibre by 2.3% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock worth $528,000 after acquiring an additional 5 shares in the last quarter. Hardy Reed LLC raised its stake in shares of MercadoLibre by 4.0% during the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company’s stock worth $306,000 after acquiring an additional 5 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of MercadoLibre by 35.7% during the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock worth $44,000 after acquiring an additional 5 shares in the last quarter. Interchange Capital Partners LLC raised its stake in shares of MercadoLibre by 2.1% during the 4th quarter. Interchange Capital Partners LLC now owns 243 shares of the company’s stock worth $490,000 after acquiring an additional 5 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its stake in shares of MercadoLibre by 2.0% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock worth $605,000 after acquiring an additional 5 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MELI. Daiwa Securities Group lowered shares of MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target on the stock. in a research note on Friday, May 8th. Raymond James Financial set a $2,000.00 price target on shares of MercadoLibre in a research note on Friday, May 8th. Jefferies Financial Group upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and cut their price target for the company from $2,800.00 to $2,600.00 in a research note on Tuesday, April 7th. Morgan Stanley cut their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Finally, Wedbush cut their price target on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Stock Performance

Shares of MercadoLibre stock opened at $1,664.42 on Tuesday. The firm has a market capitalization of $84.39 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 1.03 and a beta of 1.41. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,645.22. The firm’s 50 day simple moving average is $1,721.23 and its two-hundred day simple moving average is $1,914.48. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 7th. The company reported $8.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.75 by ($0.52). The business had revenue of $8.85 billion during the quarter, compared to analyst estimates of $8.29 billion. MercadoLibre had a return on equity of 29.58% and a net margin of 6.04%.The firm’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $9.74 EPS. Analysts predict that MercadoLibre, Inc. will post 40.97 EPS for the current year.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.