GM Advisory Group LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 124 shares of the company’s stock, valued at approximately $204,000.
A number of other large investors also recently bought and sold shares of MELI. Migdal Insurance & Financial Holdings Ltd. raised its position in MercadoLibre by 1,600.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock valued at $28,000 after purchasing an additional 16 shares in the last quarter. First PREMIER Bank bought a new stake in MercadoLibre during the 1st quarter valued at $27,000. Financial Connections Group Inc. bought a new stake in MercadoLibre during the 2nd quarter valued at $36,000. DSM Capital Partners LLC bought a new stake in MercadoLibre during the 4th quarter valued at $36,000. Finally, Scarborough Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.
MercadoLibre Trading Down 0.3 %
Shares of NASDAQ:MELI opened at $2,103.75 on Friday. The business’s 50-day moving average is $1,899.17 and its 200 day moving average is $1,690.40. MercadoLibre, Inc. has a 1 year low of $1,141.04 and a 1 year high of $2,157.64. The firm has a market capitalization of $106.65 billion, a P/E ratio of 94.13, a P/E/G ratio of 1.33 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26.
Wall Street Analyst Weigh In
MELI has been the subject of several recent research reports. Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group boosted their price target on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. BTIG Research boosted their price target on MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Barclays boosted their price target on MercadoLibre from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on MercadoLibre from $2,150.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,207.31.
Get Our Latest Stock Analysis on MercadoLibre
About MercadoLibre
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.
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