36 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 36 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds have also bought and sold shares of the business. Synergy Financial Group LTD increased its position in MercadoLibre by 0.5% during the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock worth $2,030,000 after acquiring an additional 8 shares during the period. Gateway Advisory LLC increased its holdings in MercadoLibre by 1.9% in the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after buying an additional 8 shares during the period. Contravisory Investment Management Inc. increased its holdings in MercadoLibre by 6.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock valued at $217,000 after buying an additional 8 shares during the period. Catalyst Capital Advisors LLC increased its holdings in MercadoLibre by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after buying an additional 9 shares during the period. Finally, Blue Trust Inc. increased its holdings in MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after buying an additional 9 shares during the period. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MELI. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Wedbush reaffirmed an “outperform” rating and set a $2,000.00 price target on shares of MercadoLibre in a report on Tuesday, March 5th. Susquehanna lifted their price target 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. Finally, 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $1,804.64.

MercadoLibre Stock Up 2.0 %

NASDAQ:MELI opened at $1,395.00 on Wednesday. The firm’s 50 day simple moving average is $1,546.31 and its 200 day simple moving average is $1,529.78. 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, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The company has a market cap of $70.72 billion, a PE ratio of 71.39, a P/E/G ratio of 0.87 and a beta of 1.44.

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

MercadoLibre 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.