D.A. Davidson & CO. Raises Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

D.A. Davidson & CO. boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,674 shares of the company’s stock after purchasing an additional 52 shares during the quarter. D.A. Davidson & CO.’s holdings in MercadoLibre were worth $5,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its holdings in shares of MercadoLibre by 2.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,022 shares of the company’s stock worth $1,545,000 after acquiring an additional 22 shares during the last quarter. Comerica Bank raised its position in MercadoLibre by 14.4% during the first quarter. Comerica Bank now owns 2,068 shares of the company’s stock valued at $3,127,000 after purchasing an additional 260 shares in the last quarter. Swedbank AB bought a new stake in MercadoLibre during the first quarter worth about $30,037,000. Cetera Investment Advisers boosted its holdings in shares of MercadoLibre by 290.7% in the 1st quarter. Cetera Investment Advisers now owns 5,771 shares of the company’s stock worth $8,726,000 after purchasing an additional 4,294 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of MercadoLibre by 107.3% during the 1st quarter. Cetera Advisors LLC now owns 1,988 shares of the company’s stock valued at $3,006,000 after buying an additional 1,029 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 3.1 %

Shares of MercadoLibre stock opened at $2,044.76 on Thursday. 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 company has a 50-day moving average of $2,024.62 and a 200 day moving average of $1,864.25. The firm has a market cap of $103.67 billion, a price-to-earnings ratio of 72.15, a PEG ratio of 1.43 and a beta of 1.61.

Analyst Ratings Changes

MELI has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on shares of MercadoLibre from $2,400.00 to $2,150.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Barclays decreased their target price on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Susquehanna raised their price objective on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a research note on Wednesday, August 28th. Morgan Stanley lowered their target price on MercadoLibre from $2,500.00 to $2,450.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, BTIG Research lowered their price objective on MercadoLibre from $2,250.00 to $2,200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2,267.67.

MercadoLibre Company 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.