1,156 Shares in MercadoLibre, Inc. $MELI Acquired by Leonteq Securities AG

Leonteq Securities AG bought a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,156 shares of the company’s stock, valued at approximately $2,328,000.

Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in MercadoLibre in the fourth quarter valued at approximately $26,000. Darwin Wealth Management LLC purchased a new position in MercadoLibre in the second quarter valued at approximately $29,000. Holos Integrated Wealth LLC purchased a new position in MercadoLibre in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd purchased a new position in MercadoLibre in the third quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. raised its holdings in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after buying an additional 8 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Scotiabank cut their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,100.00 to $1,900.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Cantor Fitzgerald cut their price target on shares of MercadoLibre from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Raymond James Financial set a $2,000.00 price target on shares of MercadoLibre in a report on Friday, May 8th. Finally, 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 report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2,255.33.

MercadoLibre Trading Up 3.5%

MELI opened at $1,651.20 on Thursday. The firm has a market capitalization of $83.72 billion, a P/E ratio of 43.58, a P/E/G ratio of 0.98 and a beta of 1.41. The firm’s 50 day moving average is $1,724.86 and its 200-day moving average is $1,928.17. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week high of $2,645.22. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.63.

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

MercadoLibre Company 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.