Dakota Wealth Management acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI – Get Rating) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 298 shares of the company’s stock, valued at approximately $393,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MELI. Huntington National Bank raised its stake in MercadoLibre by 28.6% during the 4th quarter. Huntington National Bank now owns 45 shares of the company’s stock valued at $38,000 after buying an additional 10 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of MercadoLibre during the 4th quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of MercadoLibre during the 4th quarter valued at about $144,000. LVW Advisors LLC boosted its holdings in shares of MercadoLibre by 6.8% during the 4th quarter. LVW Advisors LLC now owns 469 shares of the company’s stock valued at $397,000 after purchasing an additional 30 shares during the last quarter. Finally, Resources Investment Advisors LLC. boosted its holdings in shares of MercadoLibre by 2.7% during the 4th quarter. Resources Investment Advisors LLC. now owns 562 shares of the company’s stock valued at $476,000 after purchasing an additional 15 shares during the last quarter. 80.67% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on MELI. Bank of America increased their price target on shares of MercadoLibre from $1,400.00 to $1,680.00 and gave the company a “buy” rating in a report on Thursday, April 13th. Credit Suisse Group reduced their price objective on shares of MercadoLibre from $1,750.00 to $1,700.00 in a research report on Tuesday, May 2nd. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and set a $1,350.00 target price on the stock. in a research report on Thursday, April 6th. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $1,600.00 to $1,700.00 in a research report on Monday, May 8th. Finally, Barclays raised their target price on shares of MercadoLibre from $1,525.00 to $1,575.00 in a research report on Thursday, May 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,484.50.
MercadoLibre Stock Up 0.6 %
MercadoLibre (NASDAQ:MELI – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.93. MercadoLibre had a net margin of 5.46% and a return on equity of 34.92%. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 16.68 earnings per share for the current fiscal year.
About MercadoLibre
MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.
Featured Stories
- Get a free research report on MercadoLibre from StockNews.com
- Meta Platforms Soars with Analysts Bullish on AI-Driven Ad Growth
- Delta Airlines Is Flying Higher On Upbeat Guidance
- Here’s How to Rank the 3 Biggest Video Game Stocks
- Redfin: Contrasting Analyst Bearishness With Market Optimism
- Five stocks we like better than MercadoLibre
Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.
