MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Synergy Financial Group LTD

Synergy Financial Group LTD boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,619 shares of the company’s stock after purchasing an additional 76 shares during the period. MercadoLibre makes up about 2.3% of Synergy Financial Group LTD’s portfolio, making the stock its 12th largest holding. Synergy Financial Group LTD’s holdings in MercadoLibre were worth $2,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB raised its holdings in shares of MercadoLibre by 352.8% in the 3rd quarter. Swedbank AB now owns 94,123 shares of the company’s stock worth $193,137,000 after purchasing an additional 73,336 shares in the last quarter. Allworth Financial LP increased its holdings in shares of MercadoLibre by 21.1% in the third quarter. Allworth Financial LP now owns 339 shares of the company’s stock valued at $696,000 after buying an additional 59 shares in the last quarter. PFG Investments LLC lifted its position in shares of MercadoLibre by 75.9% during the 3rd quarter. PFG Investments LLC now owns 329 shares of the company’s stock valued at $675,000 after acquiring an additional 142 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of MercadoLibre by 62.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,187 shares of the company’s stock worth $8,592,000 after acquiring an additional 1,605 shares in the last quarter. Finally, Modera Wealth Management LLC acquired a new position in shares of MercadoLibre in the 3rd quarter worth $255,000. 87.62% of the stock is owned by institutional investors.

Insider Activity at MercadoLibre

In other MercadoLibre news, Director Emiliano Calemzuk sold 50 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total transaction of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares of the company’s stock, valued at approximately $472,425.24. The trade was a 17.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MELI has been the subject of a number of analyst reports. Raymond James raised shares of MercadoLibre from an “outperform” rating to a “strong-buy” rating and set a $2,250.00 price objective for the company in a research note on Tuesday, January 21st. New Street Research raised MercadoLibre from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. Wedbush dropped their price target on MercadoLibre from $2,200.00 to $2,100.00 and set an “outperform” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on MercadoLibre from $2,150.00 to $1,950.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup reduced their price target on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $2,364.06.

MercadoLibre Stock Down 1.6 %

Shares of NASDAQ MELI opened at $2,223.35 on Tuesday. MercadoLibre, Inc. has a 52-week low of $1,324.99 and a 52-week high of $2,374.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The business has a fifty day moving average of $1,875.83 and a two-hundred day moving average of $1,960.50. The stock has a market cap of $112.72 billion, a PE ratio of 58.97, a PEG ratio of 1.12 and a beta of 1.62.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Thursday, February 20th. The company reported $12.61 EPS for the quarter, beating analysts’ consensus estimates of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The firm had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.