2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd raised its holdings in shares of MercadoLibre, Inc. ( NASDAQ:MELI – Free Report ) by 101.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 115 shares of the company’s stock after acquiring an additional 58 shares during the period. Brown Shipley& Co Ltd’s holdings in MercadoLibre were worth $189,000 at the end of the most recent reporting period. Several other large investors have also recently made changes to their positions in MELI.
O Dell Group LLC grew its holdings in shares of MercadoLibre by 2.1% during the 1st quarter. O Dell Group LLC now owns 294 shares of the company’s stock valued at $445,000 after purchasing an additional 6 shares during the last quarter.
Belpointe Asset Management LLC grew its stake in shares of MercadoLibre by 1.0% during the second quarter. Belpointe Asset Management LLC now owns 618 shares of the company’s stock valued at $1,016,000 after buying an additional 6 shares during the last quarter.
Ameritas Investment Partners Inc. increased its holdings in shares of MercadoLibre by 0.4% in the second quarter.
Ameritas Investment Partners Inc. now owns 1,472 shares of the company’s stock worth $2,419,000 after buying an additional 6 shares during the period. Evolutionary Tree Capital Management LLC increased its holdings in shares of MercadoLibre by 0.
3% in the second quarter. Evolutionary Tree Capital Management LLC now owns 2,071 shares of the company’s stock worth $3,403,000 after buying an additional 6 shares during the period. Finally, Hilltop National Bank boosted its holdings in MercadoLibre by 14.
3% during the 2nd quarter. Hilltop National Bank now owns 56 shares of the company’s stock valued at $92,000 after acquiring an additional 7 shares during the period. 87.
62% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities analysts have commented on the company. 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 research note on Wednesday, August 21st. Bank of America lifted their target price on shares of MercadoLibre from $2,250.
00 to $2,500.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $2,530.
00 price target on shares of MercadoLibre in a research report on Monday, September 23rd. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $2,150.
00 to $2,400.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Citigroup upped their price objective on shares of MercadoLibre from $2,000.
00 to $2,200.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,217.50.
MercadoLibre Stock Performance MercadoLibre stock opened at $2,064.71 on Monday. MercadoLibre, Inc.
has a fifty-two week low of $1,141.04 and a fifty-two week high of $2,161.73.
The stock has a market cap of $104.67 billion, a price-to-earnings ratio of 92.38, a PEG ratio of 1.
34 and a beta of 1.61. The stock’s 50 day simple moving average is $1,941.
21 and its two-hundred day simple moving average is $1,712.60. The company has a debt-to-equity ratio of 0.
67, a quick ratio of 1.26 and a current ratio of 1.28.
MercadoLibre ( NASDAQ:MELI – Get Free Report ) last released 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. The company had revenue of $5.
07 billion for the quarter, compared to analyst estimates of $4.64 billion. MercadoLibre had a return on equity of 43.
52% and a net margin of 8.03%. The firm’s revenue was up 41.
5% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 earnings per share.
As a group, analysts expect that MercadoLibre, Inc. will post 35.79 earnings per share for the current fiscal year.
MercadoLibre Company Profile ( Free Report ) 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. Featured Articles Five stocks we like better than MercadoLibre How Can Investors Benefit From After-Hours Trading 3 Bargain Stocks Under $20 With Major Growth Potential 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Top 5 ETFs to Own Now and Into 2025 The 3 Best Blue-Chip Stocks to Buy Now Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for MercadoLibre, Inc. ( NASDAQ:MELI – Free Report ). Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.
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