MercadoLibre, Inc. (NASDAQ:MELI) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELIGet Rating) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,424 shares of the company’s stock after purchasing an additional 57 shares during the period. Janney Montgomery Scott LLC’s holdings in MercadoLibre were worth $2,835,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Raymond James Trust N.A. purchased a new stake in MercadoLibre in the 1st quarter worth approximately $236,000. Cibc World Market Inc. grew its stake in MercadoLibre by 6.1% in the 1st quarter. Cibc World Market Inc. now owns 659 shares of the company’s stock worth $784,000 after acquiring an additional 38 shares during the period. Dimensional Fund Advisors LP grew its stake in MercadoLibre by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 189 shares of the company’s stock worth $225,000 after acquiring an additional 15 shares during the period. Blair William & Co. IL grew its stake in MercadoLibre by 10.1% in the 1st quarter. Blair William & Co. IL now owns 2,878 shares of the company’s stock worth $3,423,000 after acquiring an additional 264 shares during the period. Finally, Cetera Investment Advisers grew its stake in MercadoLibre by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 1,048 shares of the company’s stock worth $1,247,000 after acquiring an additional 210 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 9.3 %

Shares of MercadoLibre stock opened at $1,024.31 on Friday. The company has a fifty day moving average price of $905.76 and a 200 day moving average price of $869.06. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 1.68. MercadoLibre, Inc. has a twelve month low of $600.68 and a twelve month high of $1,275.82. The stock has a market cap of $51.52 billion, a price-to-earnings ratio of 190.75 and a beta of 1.53.

MercadoLibre (NASDAQ:MELIGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.25. MercadoLibre had a net margin of 2.80% and a return on equity of 17.11%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period in the prior year, the company earned $1.92 EPS. The firm’s revenue was up 41.6% on a year-over-year basis. Equities research analysts forecast that MercadoLibre, Inc. will post 8.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Credit Suisse Group lowered their target price on shares of MercadoLibre from $1,470.00 to $1,400.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Citigroup lifted their target price on shares of MercadoLibre from $1,050.00 to $1,100.00 in a research note on Friday, December 23rd. Jefferies Financial Group lowered their price objective on shares of MercadoLibre from $990.00 to $970.00 and set a “hold” rating for the company in a research note on Thursday, October 6th. Finally, StockNews.com started coverage on shares of MercadoLibre in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,322.00.

MercadoLibre Profile

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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.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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