MercadoLibre, Inc. (NASDAQ:MELI) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 1,742.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 516 shares of the company’s stock after acquiring an additional 488 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in MercadoLibre were worth $811,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in MercadoLibre by 99.3% during the third quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock worth $67,900,000 after buying an additional 26,679 shares in the last quarter. Townsquare Capital LLC grew its holdings in MercadoLibre by 0.9% during the 3rd quarter. Townsquare Capital LLC now owns 1,549 shares of the company’s stock valued at $1,964,000 after buying an additional 14 shares during the last quarter. California Public Employees Retirement System increased its position in MercadoLibre by 1.5% during the 3rd quarter. California Public Employees Retirement System now owns 89,312 shares of the company’s stock worth $113,237,000 after purchasing an additional 1,277 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of MercadoLibre by 2.3% during the third quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock worth $226,716,000 after buying an additional 4,065 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in MercadoLibre by 112,333.8% in the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after acquiring an additional 146,034 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Up 2.1 %

MELI stock opened at $1,688.69 on Wednesday. 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 firm has a fifty day moving average price of $1,501.79 and a two-hundred day moving average price of $1,549.14. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The firm has a market cap of $85.61 billion, a price-to-earnings ratio of 75.56, a PEG ratio of 1.09 and a beta of 1.45.

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

Wall Street Analysts Forecast Growth

MELI has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price 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. Wedbush reissued an “outperform” rating and issued a $1,800.00 target price on shares of MercadoLibre in a research report on Friday, May 3rd. Barclays dropped their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Susquehanna boosted their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Finally, DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a research report on Tuesday, April 23rd. Two equities research 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 company presently has an average rating of “Moderate Buy” and an average price target of $1,805.00.

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.