MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,505 shares of the company’s stock after purchasing an additional 95 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in MercadoLibre were worth $2,365,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $28,000. Archer Investment Corp bought a new position in MercadoLibre in the fourth quarter worth about $31,000. Larson Financial Group LLC acquired a new position in MercadoLibre in the fourth quarter valued at approximately $36,000. Blue Trust Inc. grew its holdings in shares of MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after purchasing an additional 9 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $35,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MELI. Citigroup reduced their price objective on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. JPMorgan Chase & Co. boosted their price target 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. DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective on the stock in a report on Tuesday, April 23rd. Wedbush reduced their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Susquehanna upped their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,438.36 on Tuesday. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The firm has a market capitalization of $72.92 billion, a PE ratio of 73.61, a P/E/G ratio of 0.94 and a beta of 1.44. The company’s 50 day simple moving average is $1,516.76 and its 200 day simple moving average is $1,534.06. 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 issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the business posted $3.25 earnings per share. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 34.46 EPS for the current fiscal 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.