MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 250.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161 shares of the company’s stock after buying an additional 115 shares during the quarter. SRS Capital Advisors Inc.’s holdings in MercadoLibre were worth $253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. boosted its stake in shares of MercadoLibre by 99.3% during the third quarter. Envestnet Asset Management Inc. now owns 53,554 shares of the company’s stock valued at $67,900,000 after acquiring an additional 26,679 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of MercadoLibre by 0.9% during the third 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 period. California Public Employees Retirement System grew its stake in MercadoLibre by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 89,312 shares of the company’s stock worth $113,237,000 after acquiring an additional 1,277 shares during the period. Vanguard Group Inc. raised its holdings in MercadoLibre by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 178,815 shares of the company’s stock valued at $226,716,000 after acquiring an additional 4,065 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of MercadoLibre by 112,333.8% during the 4th quarter. International Assets Investment Management LLC now owns 146,164 shares of the company’s stock worth $229,703,000 after purchasing an additional 146,034 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MELI. 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. Susquehanna boosted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a report on Friday, February 23rd. Wedbush reiterated an “outperform” rating and issued a $1,800.00 price target on shares of MercadoLibre in a report on Friday. Barclays dropped their price objective on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Finally, UBS Group lowered their price target on 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

MercadoLibre Stock Up 8.3 %

Shares of NASDAQ MELI traded up $124.57 during midday trading on Friday, reaching $1,630.56. 1,346,802 shares of the company’s stock were exchanged, compared to its average volume of 395,765. MercadoLibre, Inc. has a 52-week low of $1,063.02 and a 52-week high of $1,825.00. The business’s fifty day moving average price is $1,499.27 and its two-hundred day moving average price is $1,534.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27. The stock has a market capitalization of $82.67 billion, a PE ratio of 72.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45.

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

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.