Leibman Financial Services Inc. Has $2 Million Stock Position in MercadoLibre, Inc. $MELI

Leibman Financial Services Inc. increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 136.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 992 shares of the company’s stock after purchasing an additional 573 shares during the period. Leibman Financial Services Inc.’s holdings in MercadoLibre were worth $1,998,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Holos Integrated Wealth LLC bought a new position in MercadoLibre in the fourth quarter valued at about $32,000. Miller Global Investments LLC acquired a new position in MercadoLibre during the fourth quarter worth about $113,000. Aspen Wealth Management LLC bought a new position in shares of MercadoLibre in the fourth quarter worth about $203,000. Union Bancaire Privee UBP SA boosted its stake in shares of MercadoLibre by 4.8% in the 4th quarter. Union Bancaire Privee UBP SA now owns 8,473 shares of the company’s stock valued at $16,919,000 after purchasing an additional 390 shares in the last quarter. Finally, Foguth Wealth Management LLC. acquired a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $203,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Down 1.4%

Shares of NASDAQ MELI opened at $1,666.93 on Friday. The company has a 50 day simple moving average of $1,959.01 and a 200 day simple moving average of $2,099.04. The firm has a market cap of $84.51 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.48. MercadoLibre, Inc. has a 1 year low of $1,631.18 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing the consensus estimate of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the prior year, the business earned $12.61 earnings per share. The firm’s quarterly revenue was up 44.6% on a year-over-year basis. On average, research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Barclays cut their target price on shares of MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,725.33.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.