Miracle Mile Advisors LLC Has $425,000 Position in MercadoLibre, Inc. (NASDAQ: MELI)
Miracle Mile Advisors LLC improved its holdings in MercadoLibre, Inc. (NASDAQ: MELI– Free Report) by 38.9% in the 1st quarter, according to the company in its newest filing with the Securities and Exchange Commission. The firm owned 218 shares of the business’s stock after acquiring an additional 61 shares during the quarter. Miracle Mile …
Miracle Mile Advisors LLC enhanced its holdings in MercadoLibre, Inc. (NASDAQ: MELI– Free Report) by 38.9% in the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission. The firm owned 218 shares of the business’s stock after purchasing an extra 61 shares during the quarter. Miracle Mile Advisors LLC’s holdings in MercadoLibre deserved $425,000 at the end of the most current quarter. Other hedge funds have actually likewise bought and sold shares of the company. Human Investing LLC acquired a new stake in MercadoLibre in the 4th quarter valued at $26,000. Park Square Financial Group LLC got a new stake in MercadoLibre in the fourth quarter valued at $26,000. Covestor Ltd acquired a brand-new stake in MercadoLibre in the fourth quarter valued at $27,000. Heck Capital Advisors LLC got a brand-new stake in MercadoLibre in the fourth quarter valued at $32,000. Finally, Stonebridge Financial Group LLC obtained a new stake in MercadoLibre in the fourth quarter valued at $37,000. Hedge funds and institutional investors own 87.62% of the business’s stock. Wall Street Expert Weigh In MELI has been the subject of several research reports. Barclays raised their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the company an “obese” ranking in a research report on Thursday, May 8th. Cantor Fitzgerald cut their rate goal on shares of MercadoLibre from $3,000.00 to $2,400.00 and set an “overweight” ranking on the stock in a report on Wednesday, April 16th. Morgan Stanley declared an “obese” ranking on shares of MercadoLibre in a report on Thursday, May 1st. UBS Group set a $3,000.00 rate goal on shares of MercadoLibre in a report on Monday, June second. Lastly, Benchmark downgraded shares of MercadoLibre from a “buy” ranking to a “cautious” ranking in a report on Thursday, May 1st. One research analyst has ranked the stock with a sell score, 3 have provided a hold ranking, eleven have actually designated a buy ranking and two have actually offered a strong buy score to the business. According to MarketBeat, the stock currently has an agreement score of “Moderate Buy” and a consensus price target of $2,613.75. MercadoLibre Trading Down 2.1% Shares of MercadoLibre stock opened at $2,396.44 on Wednesday. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,635.88. The stock’s 50-day easy moving average is $2,307.64 and its 200 day easy moving average is $2,068.51. The stock has a market capitalization of $121.49 billion, a P/E ratio of 63.57, a P/E/G ratio of 1.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a fast ratio of 1.22 and a present ratio of 1.25. MercadoLibre (NASDAQ: MELI– Secure Free Report) last revealed its quarterly revenues outcomes on Wednesday, May 7th. The business reported $9.74 earnings per share for the quarter, beating the agreement price quote of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The firm had revenue of $5.94 billion for the quarter, compared to experts’ expectations of $5.55 billion. During the very same duration in the prior year, business published $6.78 revenues per share. The business’s income was up 37.0% on a year-over-year basis. As a group, research study experts prepare for that MercadoLibre, Inc. will publish 43.96 EPS for the current year. MercadoLibre Business Profile (Free Report) MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Market, an automated online commerce platform that enables services, merchants, and individuals to list merchandise and conduct purchases and sales digitally; and Mercado Pago FinTech platform, a financial technology service platform, which facilitates transactions on and off its marketplaces by offering a system that allows its users to send and receive payments online, in addition to permits users to transfer money through their sites or on the apps. See Likewise Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ: MELI– Free Report ). Receive News & Ratings for MercadoLibre Daily – Enter your e-mail address listed below to get a concise day-to-day summary of the latest news and experts’ ratings for MercadoLibre and related business with MarketBeat.com’s FREE everyday e-mail newsletter.
Barclays lifted their rate target on shares of MercadoLibre from $2,500.00 to $3,100.00 and provided the company an “obese” rating in a research study report on Thursday, May 8th. Standard downgraded shares of MercadoLibre from a “purchase” rating to a “careful” rating in a report on Thursday, May 1st. MercadoLibre Trading Down 2.1% Shares of MercadoLibre stock opened at $2,396.44 on Wednesday. MercadoLibre Company Profile (Free Report) MercadoLibre, Inc operates online commerce platforms in the United States. Get News & Rankings for MercadoLibre Daily – Enter your email address listed below to get a succinct day-to-day summary of the newest news and experts’ scores for MercadoLibre and related companies with MarketBeat.com’s FREE day-to-day e-mail newsletter.
