Disciplined Equity Management Inc. Buys Shares of 27 MercadoLibre, Inc. (NASDAQ:MELI)

Disciplined Equity Management Inc. purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds also recently modified their holdings of MELI. Synergy Financial Group LTD grew its holdings 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 worth $2,030,000 after purchasing an additional 8 shares during the last quarter. Gateway Advisory LLC boosted its position in MercadoLibre by 1.9% in the third 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. grew its stake in MercadoLibre by 6.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after buying an additional 8 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of MercadoLibre by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock worth $47,000 after buying an additional 9 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of MercadoLibre by 56.3% in the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock valued at $39,000 after acquiring an additional 9 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MELI shares. 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 report on Wednesday, April 17th. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research note on Tuesday. Barclays reduced 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 research report on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Finally, Susquehanna upped their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,790.36.

MercadoLibre Trading Down 1.8 %

Shares of MercadoLibre stock traded down $25.00 during trading on Wednesday, reaching $1,370.00. 301,022 shares of the company were exchanged, compared to its average volume of 386,410. The business has a 50-day moving average price of $1,538.78 and a 200-day moving average price of $1,528.66. The firm has a market capitalization of $69.46 billion, a price-to-earnings ratio of 70.11, a P/E/G ratio of 0.88 and a beta of 1.44. 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, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.66 by ($3.41). MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the previous year, the firm posted $3.25 earnings per share. MercadoLibre’s quarterly revenue was up 42.0% compared to the same quarter last year. Sell-side analysts anticipate 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.