377 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 377 shares of the company’s stock, valued at approximately $592,000.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in MercadoLibre during the fourth quarter valued at about $28,000. Archer Investment Corp bought a new stake in MercadoLibre during the fourth quarter valued at about $31,000. Proffitt & Goodson Inc. bought a new stake in MercadoLibre during the third quarter valued at about $32,000. Blue Trust Inc. grew its holdings in MercadoLibre by 56.3% during the fourth 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 period. Finally, NBC Securities Inc. bought a new stake in MercadoLibre during the third quarter valued at about $35,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 0.9 %

Shares of MELI stock opened at $1,368.23 on Tuesday. 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. The stock’s 50 day simple moving average is $1,552.54 and its two-hundred day simple moving average is $1,528.67. The company has a market cap of $69.37 billion, a PE ratio of 70.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same quarter last year, the company earned $3.25 earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. Research analysts predict that MercadoLibre, Inc. will post 35.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MELI. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. UBS Group lowered their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Citigroup lowered their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted 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. Finally, Wedbush restated an “outperform” rating and issued a $2,000.00 price objective on shares of MercadoLibre in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,813.85.

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.