<div id="readability-page-1"><p>TriaGen Wealth Management LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 483 shares of the company's stock, valued at approximately $991,000.</p><ul><li>MercadoLibre Targets Double-Digit Upside with Argentina Boom</li></ul><p>Several other institutional investors also recently made changes to their positions in the stock. First PREMIER Bank purchased a new stake in shares of MercadoLibre in the 1st quarter worth about $27,000. Migdal Insurance &amp; Financial Holdings Ltd. boosted its position in shares of MercadoLibre by 1,600.0% in the 2nd quarter. Migdal Insurance &amp; Financial Holdings Ltd. now owns 17 shares of the company's stock worth $28,000 after buying an additional 16 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company's stock worth $35,000 after buying an additional 15 shares in the last quarter. Financial Connections Group Inc. purchased a new stake in shares of MercadoLibre in the 2nd quarter worth about $36,000. Finally, Quarry LP purchased a new stake in shares of MercadoLibre in the 2nd quarter worth about $43,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>Several equities research analysts recently commented on MELI shares. Cantor Fitzgerald reiterated an &#34;overweight&#34; rating and issued a $2,530.00 price objective on shares of MercadoLibre in a research report on Monday, October 7th. Dbs Bank upgraded shares of MercadoLibre from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Thursday, July 11th. Raymond James assumed coverage on shares of MercadoLibre in a research report on Friday, September 27th. They issued an &#34;outperform&#34; rating and a $2,350.00 price objective on the stock. Redburn Atlantic assumed coverage on shares of MercadoLibre in a research note on Friday, October 11th. They issued a &#34;buy&#34; rating and a $2,800.00 target price for the company. Finally, BTIG Research boosted their target price on shares of MercadoLibre from $2,025.00 to $2,250.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $2,283.00.</p><ul><li>3 Multi-Bagger Stocks to Buy Now for Explosive Growth</li></ul><p><b>Read Our Latest Report on MercadoLibre</b></p><h2>MercadoLibre Trading Up 0.7 %</h2><p>MELI traded up $13.92 on Friday, reaching $2,079.79. 230,026 shares of the company's stock were exchanged, compared to its average volume of 349,982. The company's 50 day moving average is $2,034.69 and its 200-day moving average is $1,762.16. The company has a market cap of $105.44 billion, a price-to-earnings ratio of 93.06, a PEG ratio of 1.25 and a beta of 1.61. MercadoLibre, Inc. has a twelve month low of $1,141.04 and a twelve month high of $2,161.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. </p><ul><li>3 Consumer Discretionary Stocks Poised for Growth</li></ul><p>MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.53 by $1.95. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The company's revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.16 EPS. Equities analysts predict that MercadoLibre, Inc. will post 37.55 earnings per share for the current year. </p><h2>MercadoLibre Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than MercadoLibre</li><li>What is a SEC Filing?</li><li>Misses and Beats: 3 Stocks That Are Moving Markets Right Now</li><li>How to Evaluate a Stock Before Buying </li><li>Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains</li><li>Top Stocks Investing in 5G Technology</li><li>MarketBeat Week in Review – 10/14 - 10/18</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVMSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVMSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.</p><p>While MercadoLibre currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

MELI

<p>TriaGen Wealth Management LLC has acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI), purchasing 483 shares valued at approximately $50,000 during Q3, as per its recent SEC filing. Other institutional investors have also increased their stakes in the company. Analysts have set various price targets for MELI, with Cantor Fitzgerald maintaining an "overweight" rating and a target of $1,530.00. MercadoLibre's stock has shown a slight increase, trading at $1,079.79, with a market cap of $54.44 billion and a P/E ratio of 93.06. The company reported a 41.5% year-over-year revenue increase in its last earnings report.</p>

TriaGen Wealth Management LLC Makes New $991,000 Investment in MercadoLibre, Inc. (NASDAQ:MELI)