MercadoLibre, Inc. (NASDAQ:MELI) Stake Raised by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 6.6% in the third quarter, Holdings Channel.com reports. The fund owned 194 shares of the company’s stock after acquiring an additional 12 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in MercadoLibre were worth $398,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. American International Group Inc. raised its position in shares of MercadoLibre by 2.9% during the fourth quarter. American International Group Inc. now owns 3,513 shares of the company’s stock worth $5,521,000 after purchasing an additional 100 shares during the period. Vanguard Group Inc. raised its holdings in MercadoLibre by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 182,392 shares of the company’s stock worth $286,636,000 after buying an additional 3,577 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of MercadoLibre by 12.8% in the first quarter. Park Avenue Securities LLC now owns 1,705 shares of the company’s stock worth $2,578,000 after buying an additional 194 shares during the period. Salem Investment Counselors Inc. increased its position in shares of MercadoLibre by 501.3% in the first quarter. Salem Investment Counselors Inc. now owns 481 shares of the company’s stock worth $727,000 after acquiring an additional 401 shares in the last quarter. Finally, First PREMIER Bank purchased a new position in shares of MercadoLibre in the first quarter worth approximately $27,000. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on MELI shares. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Susquehanna raised their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the stock a “positive” rating in a research report on Wednesday, August 28th. Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group increased their price objective on MercadoLibre from $2,180.00 to $2,480.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley lifted their target price on MercadoLibre from $2,175.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $2,283.00.

MercadoLibre Stock Up 0.7 %

Shares of MELI stock opened at $2,079.79 on Friday. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 93.06, a PEG ratio of 1.25 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The stock’s 50 day simple moving average is $2,034.69 and its 200 day simple moving average is $1,763.90. MercadoLibre, Inc. has a twelve month low of $1,141.04 and a twelve month high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.53 by $1.95. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. MercadoLibre’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.16 EPS. As a group, research analysts predict that MercadoLibre, Inc. will post 37.55 EPS for the current year.

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.