Bender Robert & Associates Acquires 39 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Bender Robert & Associates lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,079 shares of the company’s stock after purchasing an additional 39 shares during the quarter. MercadoLibre accounts for 5.6% of Bender Robert & Associates’ holdings, making the stock its 6th largest position. Bender Robert & Associates’ holdings in MercadoLibre were worth $22,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter worth about $28,000. Archer Investment Corp acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $31,000. Proffitt & Goodson Inc. acquired a new stake in shares of MercadoLibre during the 3rd quarter worth approximately $32,000. Castleview Partners LLC raised its position in MercadoLibre by 58.8% during the second quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after purchasing an additional 10 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in MercadoLibre during the third quarter valued at approximately $35,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Trading Down 2.0 %

NASDAQ MELI traded down $27.61 on Thursday, hitting $1,370.25. The company’s stock had a trading volume of 370,000 shares, compared to its average volume of 387,183. The company’s 50-day moving average is $1,574.80 and its 200 day moving average is $1,523.84. The firm has a market cap of $69.47 billion, a PE ratio of 71.54, a PEG ratio of 0.90 and a beta of 1.44. MercadoLibre, Inc. has a 1-year low of $1,063.02 and a 1-year high of $1,825.00. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing the consensus estimate of $6.66 by ($3.41). The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.25 EPS. As a group, analysts predict that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MELI has been the topic of several recent analyst reports. UBS Group decreased their price target on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday. Susquehanna boosted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Wedbush restated an “outperform” rating and issued a $2,000.00 price target on shares of MercadoLibre in a research note on Tuesday, March 5th. Citigroup decreased their price target on shares of MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,813.85.

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.