1,470 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Blue Sky Capital Consultants Group Inc.

Blue Sky Capital Consultants Group Inc. acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,470 shares of the company's stock, valued at approximately $2,500,000. MercadoLibre makes up approximately 1.5% of Blue Sky Capital Consultants Group Inc.'s holdings, making the stock its 20th largest position.

A number of other large investors have also modified their holdings of the company. Formidable Asset Management LLC raised its stake in shares of MercadoLibre by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after buying an additional 5 shares during the period. GF Fund Management CO. LTD. purchased a new stake in MercadoLibre in the 4th quarter worth $16,338,000. Vega Investment Solutions acquired a new position in MercadoLibre during the fourth quarter worth $842,000. Sunbelt Securities Inc. lifted its holdings in MercadoLibre by 20.0% during the fourth quarter. Sunbelt Securities Inc. now owns 210 shares of the company's stock valued at $362,000 after purchasing an additional 35 shares in the last quarter. Finally, Brown Shipley& Co Ltd lifted its holdings in MercadoLibre by 5.6% during the fourth quarter. Brown Shipley& Co Ltd now owns 131 shares of the company's stock valued at $223,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Trading Down 0.4%

NASDAQ MELI traded down $9.92 on Thursday, reaching $2,540.80. 100,613 shares of the company were exchanged, compared to its average volume of 381,938. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.78. The business's fifty day moving average price is $2,217.71 and its 200 day moving average price is $2,030.61. The stock has a market capitalization of $128.81 billion, a P/E ratio of 67.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61. MercadoLibre, Inc. has a fifty-two week low of $1,550.00 and a fifty-two week high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping 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 business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the previous year, the firm earned $6.78 EPS. The company's quarterly revenue was up 37.0% compared to the same quarter last year. Analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

MELI has been the subject of a number of research reports. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Susquehanna lifted their price objective on MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group lifted their price target on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2,572.86.

MercadoLibre 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.