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

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

A number of other hedge funds and other institutional investors also recently modified their holdings of MELI. Bison Wealth LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at about $206,000. Empowered Funds LLC boosted its holdings in MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares during the period. Focus Partners Wealth grew its position in MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after acquiring an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre in the second quarter valued at approximately $261,000. Finally, Prudential Financial Inc. raised its stake in shares of MercadoLibre by 19.5% during the second quarter. Prudential Financial Inc. now owns 588 shares of the company’s stock valued at $1,537,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Cantor Fitzgerald dropped their price target on shares of MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 25th. BTIG Research cut their price objective on shares of MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Barclays decreased their price objective on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. Finally, Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One research 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 company’s stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,708.67.

MercadoLibre Stock Performance

MercadoLibre stock 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 P/E ratio of 43.54, a price-to-earnings-growth ratio of 0.87 and a beta of 1.49. The stock has a 50 day moving average of $1,870.36 and a 200-day moving average of $2,048.75.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The firm’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter last year, the firm posted $12.61 EPS. On average, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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.