First Trust Direct Indexing L.P. Has $849,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

First Trust Direct Indexing L.P. lifted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 540 shares of the company’s stock after acquiring an additional 51 shares during the period. First Trust Direct Indexing L.P.’s holdings in MercadoLibre were worth $849,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at $28,000. Archer Investment Corp bought a new position in MercadoLibre in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC bought a new stake in shares of MercadoLibre during the fourth quarter worth $36,000. Blue Trust Inc. boosted its stake in MercadoLibre by 56.3% in the 4th quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after purchasing an additional 9 shares during the period. Finally, Disciplined Equity Management Inc. acquired a new stake in shares of MercadoLibre in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MELI shares. Susquehanna upped their price target on MercadoLibre from $1,850.00 to $2,000.00 and gave the stock a “positive” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup lowered their price target on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Finally, DZ Bank raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 target price for the company in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,790.36.

MercadoLibre Trading Up 8.3 %

MELI stock opened at $1,630.56 on Friday. MercadoLibre, Inc. has a 52 week low of $1,063.02 and a 52 week high of $1,825.00. The company has a market capitalization of $82.67 billion, a PE ratio of 72.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45. The company’s 50-day simple moving average is $1,499.27 and its 200 day simple moving average is $1,534.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.27.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $6.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.64 by $0.14. MercadoLibre had a net margin of 7.17% and a return on equity of 42.04%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the previous year, the firm posted $3.97 EPS. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that MercadoLibre, Inc. will post 34.46 earnings per share for the current year.

MercadoLibre 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.