AJOVista LLC Takes $132,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

AJOVista LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 84 shares of the company’s stock, valued at approximately $132,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MELI. Turtle Creek Wealth Advisors LLC bought a new position in MercadoLibre during the 4th quarter valued at about $28,000. Archer Investment Corp bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $31,000. NBC Securities Inc. bought a new stake in MercadoLibre during the 3rd quarter worth approximately $35,000. Larson Financial Group LLC acquired a new stake in MercadoLibre during the 4th quarter valued at $36,000. Finally, Blue Trust Inc. raised its position 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 purchasing an additional 9 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MELI. Susquehanna raised their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Barclays dropped their target price on shares of 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. UBS Group decreased their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Citigroup dropped their price objective on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,790.36.

MercadoLibre Trading Up 8.3 %

NASDAQ MELI traded up $124.57 during trading on Friday, reaching $1,630.56. 1,346,802 shares of the stock traded hands, compared to its average volume of 395,765. The stock’s 50-day moving average price is $1,499.29 and its 200 day moving average price is $1,537.76. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a market cap of $82.67 billion, a price-to-earnings ratio of 72.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45. MercadoLibre, Inc. has a fifty-two week low of $1,063.02 and a fifty-two week high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company earned $3.97 EPS. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. Analysts predict that MercadoLibre, Inc. will post 34.46 EPS for the current year.

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.