Creekmur Asset Management LLC Takes $610,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

Creekmur Asset Management LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 388 shares of the company’s stock, valued at approximately $610,000.

Several other large investors have also modified their holdings of the stock. Wealthspire Advisors LLC boosted its holdings in shares of MercadoLibre by 1.8% in the 4th quarter. Wealthspire Advisors LLC now owns 391 shares of the company’s stock valued at $614,000 after buying an additional 7 shares in the last quarter. Independent Advisor Alliance raised its position in MercadoLibre by 1.2% in the 4th quarter. Independent Advisor Alliance now owns 586 shares of the company’s stock valued at $921,000 after purchasing an additional 7 shares during the last quarter. Gateway Advisory LLC raised its position in MercadoLibre by 1.9% in the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after purchasing an additional 8 shares during the last quarter. Contravisory Investment Management Inc. raised its position in MercadoLibre by 6.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock valued at $217,000 after purchasing an additional 8 shares during the last quarter. Finally, Vestor Capital LLC raised its position in MercadoLibre by 10.0% in the 4th quarter. Vestor Capital LLC now owns 88 shares of the company’s stock valued at $138,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of several research reports. JPMorgan Chase & Co. upped their price target 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. UBS Group reduced their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a research report on Tuesday, April 23rd. Finally, Wedbush restated an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,881.92.

Check Out Our Latest Report on MELI

MercadoLibre Price Performance

Shares of NASDAQ:MELI traded up $1.61 on Friday, reaching $1,582.14. 223,146 shares of the company were exchanged, compared to its average volume of 298,570. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. 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 $80.21 billion, a price-to-earnings ratio of 70.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.60. The company has a 50-day moving average of $1,581.80 and a 200-day moving average of $1,606.84.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share for the quarter, topping analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 39.46%. The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the company posted $3.97 EPS. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. Equities analysts forecast that MercadoLibre, Inc. will post 33.81 earnings per share for the current fiscal year.

MercadoLibre Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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