Brighton Jones LLC Has $417,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Brighton Jones LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254 shares of the company’s stock after purchasing an additional 17 shares during the quarter. Brighton Jones LLC’s holdings in MercadoLibre were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank raised its position in shares of MercadoLibre by 22.2% in the 4th quarter. Amalgamated Bank now owns 55 shares of the company’s stock valued at $86,000 after buying an additional 10 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in MercadoLibre by 40.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 513 shares of the company’s stock valued at $861,000 after acquiring an additional 149 shares during the last quarter. Brown Advisory Inc. raised its position in MercadoLibre by 2.3% during the fourth quarter. Brown Advisory Inc. now owns 545 shares of the company’s stock valued at $856,000 after purchasing an additional 12 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in MercadoLibre during the fourth quarter worth $446,000. Finally, Trexquant Investment LP acquired a new stake in shares of MercadoLibre in the 4th quarter valued at $3,088,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of several recent analyst reports. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $2,150.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Cantor Fitzgerald started coverage on shares of MercadoLibre in a report on Thursday, September 5th. They set an “overweight” rating and a $2,530.00 price target on the stock. Barclays increased their price objective on shares of MercadoLibre from $2,000.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, BTIG Research boosted their target price on shares of MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,207.31.

MercadoLibre Trading Down 0.3 %

NASDAQ MELI opened at $2,103.75 on Friday. The firm has a market capitalization of $106.65 billion, a PE ratio of 94.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.61. The business’s 50-day moving average price is $1,899.17 and its two-hundred day moving average price is $1,691.54. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. MercadoLibre, Inc. has a 12 month low of $1,141.04 and a 12 month high of $2,157.64.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating the consensus estimate of $8.53 by $1.95. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The business had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the prior year, the business posted $5.16 earnings per share. The firm’s revenue was up 41.5% on a year-over-year basis. On average, analysts expect that MercadoLibre, Inc. will post 35.22 EPS 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.