Toth Financial Advisory Corp Has $414,000 Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Toth Financial Advisory Corp grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202 shares of the company’s stock after acquiring an additional 22 shares during the quarter. Toth Financial Advisory Corp’s holdings in MercadoLibre were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. lifted its position in MercadoLibre by 1,600.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock valued at $28,000 after acquiring an additional 16 shares in the last quarter. Optimum Investment Advisors lifted its holdings in shares of MercadoLibre by 750.0% in the third quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. Financial Connections Group Inc. bought a new position in shares of MercadoLibre in the second quarter valued at approximately $36,000. Quarry LP bought a new stake in MercadoLibre during the second quarter worth $43,000. Finally, NBC Securities Inc. raised its position in MercadoLibre by 35.0% in the 3rd quarter. NBC Securities Inc. now owns 27 shares of the company’s stock valued at $55,000 after buying an additional 7 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MELI. Raymond James assumed coverage on shares of MercadoLibre in a report on Friday, September 27th. They issued an “outperform” rating and a $2,350.00 target price for the company. JPMorgan Chase & Co. cut shares of MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 target price on the stock. in a research report on Wednesday, October 2nd. Susquehanna upped their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a report on Wednesday, August 28th. BTIG Research lifted their price target on MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $2,530.00 target price on shares of MercadoLibre in a research report on Monday, October 7th. Three 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2,283.00.

MercadoLibre Stock Up 1.0 %

MELI opened at $2,100.58 on Tuesday. MercadoLibre, Inc. has a 12 month low of $1,141.04 and a 12 month high of $2,161.73. The company has a market cap of $106.49 billion, a PE ratio of 93.99, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $2,038.67 and a 200 day moving average of $1,770.04.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, beating the consensus estimate of $8.53 by $1.95. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same period in the previous year, the business earned $5.16 earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, sell-side analysts expect that MercadoLibre, Inc. will post 37.55 EPS for the current year.

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.