WESPAC Advisors LLC Boosts Holdings in Mercadolibre Inc (MELI)

WESPAC Advisors LLC grew its holdings in shares of Mercadolibre Inc (NASDAQ:MELI) by 54.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,595 shares of the company’s stock after acquiring an additional 564 shares during the quarter. WESPAC Advisors LLC’s holdings in Mercadolibre were worth $467,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. TIAA CREF Investment Management LLC raised its stake in shares of Mercadolibre by 4.2% during the third quarter. TIAA CREF Investment Management LLC now owns 859 shares of the company’s stock worth $292,000 after acquiring an additional 35 shares in the last quarter. Gardiner Nancy B raised its stake in shares of Mercadolibre by 5.6% during the fourth quarter. Gardiner Nancy B now owns 950 shares of the company’s stock worth $278,000 after acquiring an additional 50 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Mercadolibre by 15.8% during the fourth quarter. Bogart Wealth LLC now owns 374 shares of the company’s stock worth $109,000 after acquiring an additional 51 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of Mercadolibre by 1.2% during the fourth quarter. Moody National Bank Trust Division now owns 5,289 shares of the company’s stock worth $1,549,000 after acquiring an additional 64 shares in the last quarter. Finally, Nwam LLC raised its stake in shares of Mercadolibre by 3.8% during the fourth quarter. Nwam LLC now owns 2,340 shares of the company’s stock worth $685,000 after acquiring an additional 85 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MELI opened at $364.66 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.61 and a debt-to-equity ratio of 1.62. Mercadolibre Inc has a 52 week low of $257.52 and a 52 week high of $417.91. The firm has a market capitalization of $16.48 billion, a P/E ratio of 144.13, a PEG ratio of 13.94 and a beta of 2.13.

Mercadolibre (NASDAQ:MELI) last issued its earnings results on Thursday, November 1st. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.13). Mercadolibre had a negative return on equity of 9.47% and a negative net margin of 7.04%. The firm had revenue of $355.30 million during the quarter, compared to analysts’ expectations of $352.75 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that Mercadolibre Inc will post -0.98 earnings per share for the current fiscal year.

Several research firms have commented on MELI. BidaskClub raised shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 13th. Deutsche Bank began coverage on shares of Mercadolibre in a research note on Tuesday, January 29th. They set a “hold” rating on the stock. Barclays lifted their price target on shares of Mercadolibre from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. ValuEngine downgraded shares of Mercadolibre from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $410.00 target price on shares of Mercadolibre in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Mercadolibre presently has an average rating of “Buy” and a consensus price target of $375.90.

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Mercadolibre Company Profile

MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.

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Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercadolibre Inc (NASDAQ:MELI).

Institutional Ownership by Quarter for Mercadolibre (NASDAQ:MELI)

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