111 Capital Purchases New Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

111 Capital purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 236 shares of the company's stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MELI. Human Investing LLC acquired a new stake in MercadoLibre in the 4th quarter valued at $26,000. Park Square Financial Group LLC acquired a new stake in MercadoLibre in the 4th quarter valued at $26,000. Brown Lisle Cummings Inc. increased its stake in shares of MercadoLibre by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock worth $27,000 after purchasing an additional 8 shares during the last quarter. Covestor Ltd acquired a new position in shares of MercadoLibre during the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $32,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded up $8.82 on Tuesday, hitting $2,602.26. The stock had a trading volume of 268,757 shares, compared to its average volume of 382,094. MercadoLibre, Inc. has a twelve month low of $1,550.00 and a twelve month high of $2,635.88. The business's 50 day moving average is $2,253.84 and its two-hundred day moving average is $2,049.42. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The stock has a market cap of $131.93 billion, a price-to-earnings ratio of 69.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter in the prior year, the business earned $6.78 earnings per share. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. Analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

MELI has been the topic of a number of recent analyst reports. Barclays boosted their price target on MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. The Goldman Sachs Group boosted their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Cantor Fitzgerald lowered their price target on MercadoLibre from $3,000.00 to $2,400.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Susquehanna boosted their price target on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a research report on Friday, February 21st. Finally, Citigroup reissued a "buy" rating on shares of MercadoLibre in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $2,572.86.

About MercadoLibre

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.