Murphy & Mullick Capital Management Corp Makes New Investment in MercadoLibre, Inc. (NASDAQ:MELI)

Murphy & Mullick Capital Management Corp bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 352 shares of the company's stock, valued at approximately $599,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MELI. FMR LLC raised its position in shares of 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 buying an additional 137,564 shares during the period. State Street Corp raised its position in MercadoLibre by 3.1% in the third quarter. State Street Corp now owns 404,584 shares of the company's stock valued at $830,190,000 after purchasing an additional 12,000 shares during the period. Wellington Management Group LLP lifted its stake in shares of 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 purchasing an additional 120,922 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of MercadoLibre during the 4th quarter worth $565,306,000. Finally, Royal London Asset Management Ltd. increased its position in shares of MercadoLibre by 8.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 257,717 shares of the company's stock worth $438,232,000 after purchasing an additional 21,063 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Down 2.3 %

Shares of MercadoLibre stock traded down $47.78 during trading on Friday, hitting $2,048.07. 326,428 shares of the stock were exchanged, compared to its average volume of 374,317. 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 firm's 50-day moving average price is $2,028.39 and its 200 day moving average price is $1,974.17. The stock has a market cap of $103.83 billion, a price-to-earnings ratio of 54.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. MercadoLibre, Inc. has a 12-month low of $1,324.99 and a 12-month high of $2,374.54.

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MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $12.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.21 by $2.40. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $5.94 billion. As a group, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

MELI has been the subject of several research analyst reports. Susquehanna increased their target price on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research note on Friday, February 21st. New Street Research raised shares of MercadoLibre from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $2,000.00 to $2,300.00 in a research report on Thursday, January 30th. The Goldman Sachs Group boosted their target price on MercadoLibre from $2,400.00 to $2,750.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Bank of America raised their price target on MercadoLibre from $2,500.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $2,402.81.

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.