Heirloom Wealth Management Purchases 110 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Heirloom Wealth Management grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,330 shares of the company’s stock after acquiring an additional 110 shares during the period. MercadoLibre comprises about 2.0% of Heirloom Wealth Management’s portfolio, making the stock its 16th largest holding. Heirloom Wealth Management’s holdings in MercadoLibre were worth $5,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MELI. Synergy Financial Group LTD raised its position in shares of MercadoLibre by 0.5% in the 3rd quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock valued at $2,030,000 after buying an additional 8 shares in the last quarter. Gateway Advisory LLC raised its position in shares of MercadoLibre by 1.9% in the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after buying an additional 8 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of MercadoLibre by 6.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock valued at $217,000 after buying an additional 8 shares in the last quarter. IMA Wealth Inc. raised its position in shares of MercadoLibre by 1.0% in the 2nd quarter. IMA Wealth Inc. now owns 943 shares of the company’s stock valued at $1,117,000 after buying an additional 9 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in shares of MercadoLibre by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after buying an additional 9 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MELI shares. Barclays decreased their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and set a $2,000.00 target price on shares of MercadoLibre in a report on Tuesday, March 5th. Susquehanna boosted their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup dropped 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 research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,813.85.

MercadoLibre Stock Down 1.0 %

Shares of NASDAQ MELI traded down $13.82 during trading on Friday, hitting $1,356.43. The stock had a trading volume of 352,741 shares, compared to its average volume of 387,076. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.24. The company has a market capitalization of $68.77 billion, a PE ratio of 69.42, a PEG ratio of 0.90 and a beta of 1.44. The firm has a fifty day moving average of $1,559.84 and a two-hundred day moving average of $1,523.45.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results 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 company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. MercadoLibre’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.25 EPS. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 35.77 EPS for the current fiscal year.

MercadoLibre Company 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.