Integrated Advisors Network LLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 288 shares of the company’s stock after acquiring an additional 12 shares during the period. Integrated Advisors Network LLC’s holdings in MercadoLibre were worth $244,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MELI. Raymond James Trust N.A. purchased a new stake in shares of MercadoLibre in the first quarter worth approximately $236,000. Cibc World Market Inc. raised its stake in shares of MercadoLibre by 6.1% in the first quarter. Cibc World Market Inc. now owns 659 shares of the company’s stock worth $784,000 after purchasing an additional 38 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MercadoLibre by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 189 shares of the company’s stock worth $225,000 after purchasing an additional 15 shares during the last quarter. Blair William & Co. IL raised its stake in shares of MercadoLibre by 10.1% in the first quarter. Blair William & Co. IL now owns 2,878 shares of the company’s stock worth $3,423,000 after purchasing an additional 264 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of MercadoLibre by 25.1% in the first quarter. Cetera Investment Advisers now owns 1,048 shares of the company’s stock worth $1,247,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.
Insider Transactions at MercadoLibre
In other news, Director Emiliano Calemzuk sold 150 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $1,256.00, for a total value of $188,400.00. Following the completion of the transaction, the director now directly owns 115 shares of the company’s stock, valued at $144,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.
MercadoLibre Price Performance
MercadoLibre (NASDAQ:MELI – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.11 by $1.14. MercadoLibre had a return on equity of 29.09% and a net margin of 4.57%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company earned ($0.92) earnings per share. MercadoLibre’s revenue was up 40.8% compared to the same quarter last year. Analysts anticipate that MercadoLibre, Inc. will post 15.55 earnings per share for the current year.
Analysts Set New Price Targets
MELI has been the subject of several analyst reports. Citigroup increased their price objective on MercadoLibre from $1,100.00 to $1,460.00 in a research note on Friday, March 3rd. TheStreet raised MercadoLibre from a “c” rating to a “b-” rating in a research report on Wednesday, February 15th. New Street Research downgraded MercadoLibre from a “buy” rating to a “neutral” rating and set a $1,350.00 price target for the company. in a research report on Thursday, April 6th. StockNews.com assumed coverage on MercadoLibre in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Credit Suisse Group increased their price target on MercadoLibre from $1,450.00 to $1,685.00 and gave the company an “outperform” rating in a research report on Tuesday, February 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,419.00.
MercadoLibre Profile
MercadoLibre, Inc engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America.
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