Earned Wealth Advisors LLC Purchases New Position in MercadoLibre, Inc. $MELI

Earned Wealth Advisors LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 435 shares of the company’s stock, valued at approximately $876,000.

A number of other institutional investors have also recently bought and sold shares of the company. PFW Advisors LLC raised its holdings in MercadoLibre by 4.8% in the third quarter. PFW Advisors LLC now owns 110 shares of the company’s stock worth $257,000 after purchasing an additional 5 shares during the period. Yousif Capital Management LLC grew its holdings in shares of MercadoLibre by 3.5% in the 3rd quarter. Yousif Capital Management LLC now owns 147 shares of the company’s stock valued at $344,000 after buying an additional 5 shares during the period. Wilkinson Global Asset Management LLC grew its holdings in shares of MercadoLibre by 2.3% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 226 shares of the company’s stock valued at $528,000 after buying an additional 5 shares during the period. Hardy Reed LLC increased its position in shares of MercadoLibre by 4.0% in the 3rd quarter. Hardy Reed LLC now owns 131 shares of the company’s stock valued at $306,000 after buying an additional 5 shares in the last quarter. Finally, Rothschild Investment LLC increased its position in shares of MercadoLibre by 35.7% in the 3rd quarter. Rothschild Investment LLC now owns 19 shares of the company’s stock valued at $44,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Up 0.8%

Shares of MELI stock opened at $1,870.08 on Tuesday. The firm’s fifty day moving average price is $1,790.05 and its two-hundred day moving average price is $1,991.79. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The firm has a market capitalization of $94.81 billion, a P/E ratio of 47.46, a PEG ratio of 0.87 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Saturday, February 14th. The company reported $11.03 EPS for the quarter. The company had revenue of $8.76 billion during the quarter. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. On average, equities analysts predict that MercadoLibre, Inc. will post 51.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on MELI shares. JPMorgan Chase & Co. downgraded MercadoLibre from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $2,650.00 to $2,100.00 in a research note on Thursday, March 12th. UBS Group lowered their price target on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating for the company in a report on Friday, February 27th. Cantor Fitzgerald dropped their price target on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley cut their price objective on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating on the stock in a report on Monday, March 9th. Finally, Weiss Ratings lowered MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,688.67.

About MercadoLibre

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.