J. W. Coons Advisors LLC Makes New $205,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)

J. W. Coons Advisors LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 100 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors also recently modified their holdings of the company. Kingsview Wealth Management LLC increased its stake in MercadoLibre by 5.2% in the first quarter. Kingsview Wealth Management LLC now owns 365 shares of the company’s stock valued at $552,000 after purchasing an additional 18 shares in the last quarter. Blair William & Co. IL grew its stake in shares of MercadoLibre by 3.5% in the 1st quarter. Blair William & Co. IL now owns 2,054 shares of the company’s stock valued at $3,106,000 after buying an additional 70 shares during the period. Orion Portfolio Solutions LLC increased its position in MercadoLibre by 56.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 764 shares of the company’s stock valued at $1,155,000 after buying an additional 275 shares in the last quarter. Vanguard Group Inc. raised its stake in MercadoLibre by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 189,860 shares of the company’s stock worth $287,061,000 after buying an additional 7,468 shares during the period. Finally, TIAA Trust National Association boosted its holdings in MercadoLibre by 8.2% in the first quarter. TIAA Trust National Association now owns 291 shares of the company’s stock worth $440,000 after acquiring an additional 22 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MELI shares. The Goldman Sachs Group boosted their price objective on MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Wedbush restated an “outperform” rating and set a $2,200.00 price objective (up previously from $2,000.00) on shares of MercadoLibre in a report on Thursday, November 7th. Cantor Fitzgerald dropped their price objective on shares of MercadoLibre from $2,530.00 to $2,300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. BTIG Research lowered their target price on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Raymond James initiated coverage on shares of MercadoLibre in a research report on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,269.67.

MercadoLibre Stock Up 0.2 %

Shares of NASDAQ:MELI opened at $1,880.00 on Monday. The company has a market capitalization of $95.32 billion, a PE ratio of 66.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61. MercadoLibre, Inc. has a 1 year low of $1,324.99 and a 1 year high of $2,161.73. 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 business has a fifty day moving average price of $2,037.61 and a two-hundred day moving average price of $1,846.37.

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.