Jamison Private Wealth Management Inc. Has $2.74 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Jamison Private Wealth Management Inc. grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 10.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,336 shares of the company’s stock after buying an additional 130 shares during the period. Jamison Private Wealth Management Inc.’s holdings in MercadoLibre were worth $2,741,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MELI. Integrated Advisors Network LLC raised its position in shares of MercadoLibre by 10.7% during the fourth quarter. Integrated Advisors Network LLC now owns 300 shares of the company’s stock worth $471,000 after purchasing an additional 29 shares during the period. American International Group Inc. raised its holdings in MercadoLibre by 2.9% during the 4th quarter. American International Group Inc. now owns 3,513 shares of the company’s stock worth $5,521,000 after buying an additional 100 shares during the period. Scarborough Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth approximately $36,000. Vanguard Group Inc. lifted its stake in MercadoLibre by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 182,392 shares of the company’s stock valued at $286,636,000 after buying an additional 3,577 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $595,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MELI shares. BTIG Research boosted their price objective on shares of MercadoLibre from $2,025.00 to $2,250.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Barclays boosted their price target on MercadoLibre from $2,100.00 to $2,500.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 price objective for the company. in a research report on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Three research 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 company. According to MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,283.00.

MercadoLibre Stock Down 2.2 %

MercadoLibre stock opened at $2,033.62 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26. The company’s 50-day moving average is $2,023.10 and its 200-day moving average is $1,754.14. The firm has a market capitalization of $103.10 billion, a PE ratio of 90.99, a P/E/G ratio of 1.25 and a beta of 1.61. 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 announced 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 return on equity of 43.52% and a net margin of 8.03%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the business earned $5.16 earnings per share. The business’s revenue was up 41.5% compared to the same quarter last year. Sell-side analysts anticipate that MercadoLibre, Inc. will post 37.55 earnings per share for the current 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.