Lyell Wealth Management LP Buys Shares of 200 MercadoLibre, Inc. (NASDAQ:MELI)

Lyell Wealth Management LP acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 200 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of MercadoLibre during the 4th quarter worth approximately $28,000. Archer Investment Corp bought a new stake in MercadoLibre in the 4th quarter valued at $31,000. Larson Financial Group LLC bought a new stake in MercadoLibre in the 4th quarter valued at $36,000. Proffitt & Goodson Inc. bought a new stake in MercadoLibre in the 3rd quarter valued at $32,000. Finally, Blue Trust Inc. raised its stake in MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after acquiring an additional 9 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 0.5 %

Shares of NASDAQ MELI traded down $7.02 during mid-day trading on Thursday, reaching $1,362.98. 160,229 shares of the company’s stock traded hands, compared to its average volume of 383,444. The stock has a market cap of $69.10 billion, a P/E ratio of 69.89, a PEG ratio of 0.90 and a beta of 1.44. The business has a 50-day simple moving average of $1,538.78 and a 200 day simple moving average of $1,528.66. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.25 earnings per share. On average, analysts expect that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal year.

Analyst Ratings Changes

MELI has been the topic of a number of research analyst reports. Citigroup dropped their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Wedbush cut their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

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.