Zhang Financial LLC Has $522,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

Zhang Financial LLC lowered its position in MercadoLibre, Inc. (NASDAQ:MELI) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332 shares of the company’s stock after selling 39 shares during the quarter. Zhang Financial LLC’s holdings in MercadoLibre were worth $522,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MELI. Turtle Creek Wealth Advisors LLC acquired a new stake in MercadoLibre in the fourth quarter valued at $28,000. Archer Investment Corp acquired a new stake in MercadoLibre in the fourth quarter valued at $31,000. Proffitt & Goodson Inc. acquired a new stake in MercadoLibre in the third quarter valued at $32,000. Castleview Partners LLC lifted its stake in MercadoLibre by 58.8% in the second quarter. Castleview Partners LLC now owns 27 shares of the company’s stock valued at $32,000 after acquiring an additional 10 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of MercadoLibre during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,356.43 on Friday. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The firm has a market cap of $68.77 billion, a price-to-earnings ratio of 69.42, a P/E/G ratio of 0.88 and a beta of 1.44. The firm’s 50-day simple moving average is $1,559.84 and its 200 day simple moving average is $1,523.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the business earned $3.25 earnings per share. MercadoLibre’s quarterly revenue was up 42.0% compared to the same quarter last year. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 35.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MELI shares. Wedbush restated an “outperform” rating and set a $2,000.00 target price on shares of MercadoLibre in a research note on Tuesday, March 5th. Susquehanna raised their target price on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. UBS Group cut their target price on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays cut their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,813.85.

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.