Simplicity Solutions LLC Has $1.62 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Simplicity Solutions LLC boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 5.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,032 shares of the company’s stock after purchasing an additional 57 shares during the quarter. Simplicity Solutions LLC’s holdings in MercadoLibre were worth $1,622,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MELI. Raymond James Trust N.A. acquired a new position in MercadoLibre during the 1st quarter worth $236,000. Cibc World Market Inc. lifted its holdings in MercadoLibre by 6.1% during the 1st quarter. Cibc World Market Inc. now owns 659 shares of the company’s stock worth $784,000 after buying an additional 38 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MercadoLibre by 8.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 189 shares of the company’s stock worth $225,000 after buying an additional 15 shares in the last quarter. Blair William & Co. IL lifted its holdings in MercadoLibre by 10.1% during the 1st quarter. Blair William & Co. IL now owns 2,878 shares of the company’s stock worth $3,423,000 after buying an additional 264 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of MercadoLibre by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 1,048 shares of the company’s stock valued at $1,247,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

MELI has been the topic of a number of analyst reports. Barclays cut their price target on MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 3rd. Citigroup cut their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Wedbush reissued an “outperform” rating and issued a $2,000.00 price target on shares of MercadoLibre in a research note on Tuesday, March 5th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Susquehanna upped their price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,806.15.

MercadoLibre Price Performance

MELI stock opened at $1,444.14 on Monday. The stock has a 50-day moving average price of $1,594.55 and a two-hundred day moving average price of $1,522.82. The stock has a market cap of $73.22 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.44. The company has a current ratio of 1.27, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a 1 year low of $1,063.02 and a 1 year high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the business posted $3.25 earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities analysts forecast that MercadoLibre, Inc. will post 35.89 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.