145 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Bought by Prosperity Wealth Management Inc.

Prosperity Wealth Management Inc. bought a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 145 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new stake in MercadoLibre in the fourth quarter worth about $28,000. Proffitt & Goodson Inc. bought a new position in MercadoLibre in the 3rd quarter worth about $32,000. Castleview Partners LLC grew its stake in MercadoLibre by 58.8% during the second quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after acquiring an additional 10 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of MercadoLibre during the 3rd quarter valued at $35,000. Finally, Blue Trust Inc. increased its stake in MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after acquiring an additional 9 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MELI shares. Barclays decreased their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. UBS Group lowered their price objective on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Citigroup lowered their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Susquehanna increased their price target on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $1,813.85.

MercadoLibre Price Performance

MELI opened at $1,397.86 on Thursday. The firm has a market cap of $70.87 billion, a PE ratio of 71.54, a P/E/G ratio of 0.90 and a beta of 1.44. The stock has a 50-day moving average price of $1,574.80 and a 200-day moving average price of $1,523.84. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. MercadoLibre’s revenue was up 42.0% on a year-over-year basis. During the same period last year, the business earned $3.25 EPS. Sell-side analysts predict that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

MercadoLibre Company Profile

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.