Schaper Benz & Wise Investment Counsel Inc. WI Boosts Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 194 shares of the company’s stock after buying an additional 12 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in MercadoLibre were worth $398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MELI. O Dell Group LLC increased its holdings in MercadoLibre by 2.1% in the first quarter. O Dell Group LLC now owns 294 shares of the company’s stock valued at $445,000 after buying an additional 6 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of MercadoLibre by 1.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 618 shares of the company’s stock worth $1,016,000 after acquiring an additional 6 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of MercadoLibre by 0.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,472 shares of the company’s stock valued at $2,419,000 after acquiring an additional 6 shares during the last quarter. Evolutionary Tree Capital Management LLC raised its position in shares of MercadoLibre by 0.3% during the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 2,071 shares of the company’s stock valued at $3,403,000 after acquiring an additional 6 shares in the last quarter. Finally, Hilltop National Bank lifted its stake in MercadoLibre by 14.3% during the second quarter. Hilltop National Bank now owns 56 shares of the company’s stock worth $92,000 after purchasing an additional 7 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,079.79 on Friday. The firm’s 50-day simple moving average is $2,034.69 and its 200 day simple moving average is $1,763.90. The stock has a market cap of $105.44 billion, a P/E ratio of 93.06, a P/E/G ratio of 1.25 and a beta of 1.61. The company has a quick ratio of 1.26, a current ratio of 1.28 and a debt-to-equity ratio of 0.67. MercadoLibre, Inc. has a fifty-two week low of $1,141.04 and a fifty-two week high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The company had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business posted $5.16 EPS. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. Equities analysts expect that MercadoLibre, Inc. will post 37.55 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on MELI shares. Redburn Atlantic started coverage on shares of MercadoLibre in a research note on Friday, October 11th. They set a “buy” rating and a $2,800.00 target price for the company. JPMorgan Chase & Co. lowered shares of MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 price objective on the stock. in a research note on Wednesday, October 2nd. Bank of America lifted their target price on MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Raymond James assumed coverage on MercadoLibre in a research report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,283.00.

MercadoLibre 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.