Callan Family Office LLC Purchases Shares of 171 MercadoLibre, Inc. (NASDAQ:MELI)

Callan Family Office LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 171 shares of the company's stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Planning Capital Management Corp boosted its holdings in MercadoLibre by 9.1% in the third quarter. Planning Capital Management Corp now owns 60 shares of the company's stock worth $123,000 after purchasing an additional 5 shares during the period. Mount Lucas Management LP boosted its holdings in shares of MercadoLibre by 3.6% in the 3rd quarter. Mount Lucas Management LP now owns 143 shares of the company's stock valued at $293,000 after buying an additional 5 shares during the period. Nvwm LLC grew its position in shares of MercadoLibre by 0.5% during the 4th quarter. Nvwm LLC now owns 1,137 shares of the company's stock valued at $1,933,000 after buying an additional 6 shares during the last quarter. Perigon Wealth Management LLC raised its stake in MercadoLibre by 0.7% during the fourth quarter. Perigon Wealth Management LLC now owns 957 shares of the company's stock worth $1,758,000 after acquiring an additional 7 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in MercadoLibre by 17.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 46 shares of the company's stock worth $78,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.2 %

MELI traded up $3.87 during trading on Wednesday, reaching $1,993.98. 268,048 shares of the stock traded hands, compared to its average volume of 403,522. The stock's 50-day simple moving average is $1,952.66 and its two-hundred day simple moving average is $1,969.27. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.25 and a quick ratio of 1.22. MercadoLibre, Inc. has a fifty-two week low of $1,324.99 and a fifty-two week high of $2,374.54. The stock has a market cap of $101.09 billion, a price-to-earnings ratio of 52.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

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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 EPS for the quarter, topping the consensus estimate of $10.21 by $2.40. MercadoLibre had a net margin of 9.20% and a return on equity of 51.89%. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $5.94 billion. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Susquehanna increased their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Bank of America increased their target price 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. Wedbush cut their price objective on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Barclays increased their price target on MercadoLibre from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,150.00 to $3,000.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Two 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, MercadoLibre has an average rating of "Buy" and an average price target of $2,402.81.

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.