Sargent Investment Group LLC Purchases 65 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Sargent Investment Group LLC raised its position in MercadoLibre, Inc. (NASDAQ:MELI) by 15.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 498 shares of the company’s stock after buying an additional 65 shares during the period. Sargent Investment Group LLC’s holdings in MercadoLibre were worth $783,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MELI. Principle Wealth Partners LLC acquired a new stake in MercadoLibre during the 4th quarter worth $340,000. RWC Asset Management LLP raised its stake in shares of MercadoLibre by 13.9% in the 4th quarter. RWC Asset Management LLP now owns 24,301 shares of the company’s stock valued at $38,190,000 after purchasing an additional 2,961 shares during the period. RWC Asset Advisors US LLC raised its stake in shares of MercadoLibre by 17.4% in the 4th quarter. RWC Asset Advisors US LLC now owns 59,566 shares of the company’s stock valued at $93,610,000 after purchasing an additional 8,813 shares during the period. Parametrica Management Ltd raised its stake in shares of MercadoLibre by 0.4% in the 4th quarter. Parametrica Management Ltd now owns 2,113 shares of the company’s stock valued at $3,321,000 after purchasing an additional 9 shares during the period. Finally, Dohj LLC acquired a new stake in shares of MercadoLibre in the 4th quarter valued at about $511,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Trading Up 3.1 %

MELI traded up $42.17 during trading on Friday, reaching $1,406.00. 443,331 shares of the stock traded hands, compared to its average volume of 319,014. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $71.28 billion, a PE ratio of 71.95, a P/E/G ratio of 0.94 and a beta of 1.44. The stock’s 50-day moving average is $1,523.37 and its 200 day moving average is $1,530.57. MercadoLibre, Inc. has a 12 month low of $1,063.02 and a 12 month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). MercadoLibre had a net margin of 6.82% and a return on equity of 39.07%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company posted $3.25 EPS. The business’s revenue was up 42.0% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on MELI shares. Susquehanna lifted their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a report on Friday, February 23rd. DZ Bank upgraded shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price target for the company in a research report on Tuesday, April 23rd. UBS Group dropped their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Wedbush dropped their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average target price of $1,790.36.

About MercadoLibre

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.