Laidlaw Wealth Management LLC Makes New $275,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Laidlaw Wealth Management LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 162 shares of the company's stock, valued at approximately $275,000.

Several other institutional investors also recently bought and sold shares of MELI. International Assets Investment Management LLC lifted its position in MercadoLibre by 205,108.3% during the 3rd quarter. International Assets Investment Management LLC now owns 248,302 shares of the company's stock worth $509,506,000 after acquiring an additional 248,181 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of MercadoLibre by 169,952.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 181,956 shares of the company's stock worth $309,405,000 after purchasing an additional 181,849 shares during the last quarter. FMR LLC boosted its stake in MercadoLibre by 18.6% during the 3rd quarter. FMR LLC now owns 878,996 shares of the company's stock valued at $1,803,665,000 after purchasing an additional 137,564 shares during the period. Wellington Management Group LLP grew its holdings in MercadoLibre by 52.9% in the 3rd quarter. Wellington Management Group LLP now owns 349,678 shares of the company's stock valued at $717,525,000 after buying an additional 120,922 shares during the last quarter. Finally, Swedbank AB grew its holdings in MercadoLibre by 352.8% in the 3rd quarter. Swedbank AB now owns 94,123 shares of the company's stock valued at $193,137,000 after buying an additional 73,336 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

Shares of MELI traded up $149.53 during trading hours on Friday, hitting $2,260.00. The stock had a trading volume of 1,256,768 shares, compared to its average volume of 371,354. The stock has a market capitalization of $114.58 billion, a price-to-earnings ratio of 79.75, a P/E/G ratio of 1.10 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. The company's fifty day moving average is $1,867.29 and its two-hundred day moving average is $1,956.30. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,374.54.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $12.61 earnings per share for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 7.57% and a return on equity of 40.71%. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $5.94 billion. On average, analysts anticipate that MercadoLibre, Inc. will post 32.98 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MELI. New Street Research raised MercadoLibre from a "neutral" rating to a "buy" rating and increased their price objective for the company from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of MercadoLibre from $2,150.00 to $1,950.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley dropped their price objective on shares of MercadoLibre from $2,500.00 to $2,450.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Citigroup reduced their target price on shares of MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Finally, Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the company a "positive" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $2,364.06.

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 shares were sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

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.