MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 35.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27 shares of the company’s stock after buying an additional 7 shares during the quarter. NBC Securities Inc.’s holdings in MercadoLibre were worth $55,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. First PREMIER Bank acquired a new position in shares of MercadoLibre in the 1st quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in MercadoLibre by 1,600.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock valued at $28,000 after buying an additional 16 shares during the last quarter. Financial Connections Group Inc. purchased a new position in MercadoLibre during the second quarter worth about $36,000. Quarry LP acquired a new stake in shares of MercadoLibre during the second quarter valued at about $43,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of MercadoLibre by 41.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 34 shares of the company’s stock valued at $56,000 after acquiring an additional 10 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 0.7 %

MercadoLibre stock opened at $2,079.79 on Monday. The stock has a market cap of $105.44 billion, a PE ratio of 93.06, a P/E/G ratio of 1.25 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. The stock’s fifty day moving average is $2,034.69 and its two-hundred day moving average is $1,765.73. MercadoLibre, Inc. has a 1-year low of $1,141.04 and a 1-year high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping the consensus estimate of $8.53 by $1.95. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. On average, sell-side analysts expect that MercadoLibre, Inc. will post 37.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of MercadoLibre from $2,100.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Raymond James started coverage on MercadoLibre in a research note on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 price objective for the company. The Goldman Sachs Group increased their target price on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 target price for the company. in a report on Wednesday, October 2nd. Finally, Redburn Atlantic assumed coverage on shares of MercadoLibre in a research report on Friday, October 11th. They set a “buy” rating and a $2,800.00 price target on the stock. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,283.00.

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.