Capital Advisors Inc. OK Increases Stake in MercadoLibre, Inc. $MELI

Capital Advisors Inc. OK boosted its position in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,178 shares of the company’s stock after acquiring an additional 1,662 shares during the period. Capital Advisors Inc. OK’s holdings in MercadoLibre were worth $42,657,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MELI. Lodestone Wealth Management LLC raised its position in shares of MercadoLibre by 6.9% in the fourth quarter. Lodestone Wealth Management LLC now owns 124 shares of the company’s stock valued at $250,000 after purchasing an additional 8 shares during the period. Nilsine Partners LLC boosted its holdings in MercadoLibre by 7.4% in the 4th quarter. Nilsine Partners LLC now owns 781 shares of the company’s stock worth $1,573,000 after buying an additional 54 shares during the period. BTC Capital Management Inc. boosted its holdings in MercadoLibre by 18.7% in the 4th quarter. BTC Capital Management Inc. now owns 406 shares of the company’s stock worth $818,000 after buying an additional 64 shares during the period. Meyer Handelman Co. grew its stake in MercadoLibre by 335.3% in the 4th quarter. Meyer Handelman Co. now owns 444 shares of the company’s stock valued at $894,000 after buying an additional 342 shares in the last quarter. Finally, Westmount Partners LLC grew its stake in MercadoLibre by 105.8% in the 4th quarter. Westmount Partners LLC now owns 214 shares of the company’s stock valued at $431,000 after buying an additional 110 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MELI shares. Barclays dropped their target price on MercadoLibre from $2,900.00 to $2,600.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $2,650.00 to $2,100.00 in a research report on Thursday, March 12th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. BTIG Research dropped their price objective on MercadoLibre from $2,650.00 to $2,400.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Itau BBA Securities restated an “outperform” rating on shares of MercadoLibre in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,708.67.

Read Our Latest Report on MercadoLibre

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,729.02 on Wednesday. The company’s 50 day simple moving average is $1,885.90 and its two-hundred day simple moving average is $2,053.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.15. MercadoLibre, Inc. has a 1 year low of $1,593.21 and a 1 year high of $2,645.22. The stock has a market capitalization of $87.66 billion, a PE ratio of 43.88, a P/E/G ratio of 0.82 and a beta of 1.48.

MercadoLibre (NASDAQ:MELIGet Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 EPS for the quarter, missing analysts’ consensus estimates of $11.66 by ($0.63). The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.45 billion. MercadoLibre had a net margin of 6.91% and a return on equity of 33.73%. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter last year, the firm earned $12.61 earnings per share. Analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

More MercadoLibre News

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MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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