Beverly Hills Private Wealth LLC Purchases 104 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Beverly Hills Private Wealth LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276 shares of the company’s stock after purchasing an additional 104 shares during the period. Beverly Hills Private Wealth LLC’s holdings in MercadoLibre were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MELI. Turtle Creek Wealth Advisors LLC bought a new position in shares of MercadoLibre in the 4th quarter worth about $28,000. Proffitt & Goodson Inc. bought a new position in shares of MercadoLibre in the 3rd quarter worth about $32,000. Castleview Partners LLC increased its position in MercadoLibre by 58.8% in the 2nd quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after buying an additional 10 shares in the last quarter. NBC Securities Inc. bought a new stake in MercadoLibre in the 3rd quarter valued at about $35,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in MercadoLibre in the 3rd quarter valued at about $36,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,415.88 on Tuesday. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $1,587.37 and its 200 day simple moving average is $1,523.81. The company has a market cap of $71.79 billion, a price-to-earnings ratio of 72.46, a PEG ratio of 0.93 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter in the previous year, the company posted $3.25 EPS. MercadoLibre’s revenue for the quarter was up 42.0% on a year-over-year basis. Sell-side analysts forecast that MercadoLibre, Inc. will post 35.89 EPS for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of MercadoLibre in a research report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Barclays cut their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, Citigroup cut their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,806.15.

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.