Stokes Family Office LLC Lowers Position in MercadoLibre, Inc. (NASDAQ:MELI)

Stokes Family Office LLC lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 16.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175 shares of the company’s stock after selling 35 shares during the period. Stokes Family Office LLC’s holdings in MercadoLibre were worth $265,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MELI. First PREMIER Bank purchased a new position in MercadoLibre during the first quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in MercadoLibre during the fourth quarter worth approximately $28,000. Archer Investment Corp purchased a new position in MercadoLibre during the fourth quarter worth approximately $31,000. Larson Financial Group LLC purchased a new position in MercadoLibre during the fourth quarter worth approximately $36,000. Finally, DSM Capital Partners LLC acquired a new position in shares of MercadoLibre during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a report on Tuesday, April 23rd. Barclays increased their target price on MercadoLibre from $1,800.00 to $2,000.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Wedbush reissued an “outperform” rating and set a $1,800.00 target price on shares of MercadoLibre in a report on Friday, May 3rd. Jefferies Financial Group raised MercadoLibre from a “hold” rating to a “buy” rating and increased their target price for the company from $1,400.00 to $2,100.00 in a report on Monday, May 20th. Finally, UBS Group reduced their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a 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 data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,922.08.

MercadoLibre Trading Up 3.1 %

MELI stock traded up $52.57 during midday trading on Friday, hitting $1,761.22. 335,191 shares of the company’s stock were exchanged, compared to its average volume of 372,014. The business has a 50-day simple moving average of $1,661.19 and a two-hundred day simple moving average of $1,611.18. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $89.29 billion, a PE ratio of 78.80, a P/E/G ratio of 1.24 and a beta of 1.60. MercadoLibre, Inc. has a 1-year low of $1,126.84 and a 1-year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, topping 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 39.46% and a net margin of 7.17%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.97 earnings per share. On average, sell-side analysts predict that MercadoLibre, Inc. will post 33.81 EPS 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.