YHB Investment Advisors Inc. Acquires New Position in MercadoLibre, Inc. $MELI

YHB Investment Advisors Inc. acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 340 shares of the company’s stock, valued at approximately $685,000.

A number of other large investors also recently bought and sold shares of the company. Pictet North America Advisors SA grew its position in shares of MercadoLibre by 40.7% in the 4th quarter. Pictet North America Advisors SA now owns 9,342 shares of the company’s stock worth $18,817,000 after acquiring an additional 2,703 shares in the last quarter. Banque Pictet & Cie SA lifted its stake in MercadoLibre by 54.0% during the fourth quarter. Banque Pictet & Cie SA now owns 11,677 shares of the company’s stock worth $23,521,000 after purchasing an additional 4,096 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in MercadoLibre by 47.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 4,386 shares of the company’s stock worth $8,835,000 after purchasing an additional 1,408 shares during the period. Tema Etfs LLC acquired a new position in MercadoLibre in the fourth quarter worth $97,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in MercadoLibre by 4.0% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 206 shares of the company’s stock valued at $415,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ MELI opened at $1,715.52 on Friday. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market cap of $86.98 billion, a price-to-earnings ratio of 43.54, a price-to-earnings-growth ratio of 0.87 and a beta of 1.49. The company has a 50-day moving average price of $1,870.36 and a two-hundred day moving average price of $2,048.75.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing the consensus estimate of $11.66 by ($0.63). The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. MercadoLibre’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.61 EPS. Analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the topic of a number of research reports. Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Morgan Stanley lowered their price objective on shares of MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. Wedbush dropped their price objective on shares of MercadoLibre from $2,600.00 to $2,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. UBS Group cut their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, BTIG Research decreased their target price on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating for the company in a research note on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,708.67.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.