Financial Planning Hawaii Inc. Purchases New Position in MercadoLibre, Inc. $MELI

Financial Planning Hawaii Inc. acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 314 shares of the company’s stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Darwin Wealth Management LLC purchased a new stake in shares of MercadoLibre during the 2nd quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in MercadoLibre in the 3rd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in MercadoLibre in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock valued at $37,000 after acquiring an additional 8 shares in the last quarter. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of MercadoLibre during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MELI shares. Barclays decreased their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a report on Wednesday, February 25th. Weiss Ratings cut shares of MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lowered MercadoLibre from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Finally, Cantor Fitzgerald reduced their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,708.67.

MercadoLibre Stock Up 1.2%

NASDAQ:MELI opened at $1,619.20 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. The company has a market capitalization of $82.09 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. MercadoLibre, Inc. has a one year low of $1,593.21 and a one year high of $2,645.22. The stock has a 50-day simple moving average of $1,892.02 and a 200 day simple moving average of $2,057.72.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.66 by ($0.63). MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the company earned $12.61 EPS. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.