MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC increased its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,732 shares of the company’s stock after buying an additional 200 shares during the period. MercadoLibre comprises approximately 2.6% of Wisconsin Capital Management LLC’s holdings, making the stock its 18th biggest holding. Wisconsin Capital Management LLC’s holdings in MercadoLibre were worth $4,293,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in MercadoLibre by 19.3% in the third quarter. IFP Advisors Inc now owns 216 shares of the company’s stock valued at $274,000 after buying an additional 35 shares during the last quarter. Impact Partnership Wealth LLC raised its position in shares of MercadoLibre by 118.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 35 shares of the company’s stock worth $44,000 after buying an additional 19 shares in the last quarter. Cedar Brook Financial Partners LLC increased its stake in shares of MercadoLibre by 33.1% during the third quarter. Cedar Brook Financial Partners LLC now owns 225 shares of the company’s stock valued at $285,000 after acquiring an additional 56 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of MercadoLibre by 19.9% during the third quarter. Exchange Traded Concepts LLC now owns 2,912 shares of the company’s stock valued at $3,692,000 after acquiring an additional 484 shares during the period. Finally, Spectrum Asset Management Inc. NB CA acquired a new stake in MercadoLibre in the 3rd quarter valued at about $293,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MELI traded down $6.17 during midday trading on Thursday, reaching $1,363.83. 210,353 shares of the company’s stock were exchanged, compared to its average volume of 384,221. MercadoLibre, Inc. has a one year low of $1,063.02 and a one year high of $1,825.00. The firm has a market capitalization of $69.15 billion, a price-to-earnings ratio of 69.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44. The business has a 50-day simple moving average of $1,530.62 and a two-hundred day simple moving average of $1,527.51. 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 announced its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.25 EPS. As a group, research analysts predict that MercadoLibre, Inc. will post 35.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MELI. Susquehanna lifted their target price on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. UBS Group lowered their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. DZ Bank raised MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price on the stock in a research note on Tuesday. Finally, Citigroup lowered their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,790.36.

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.