Carmel Capital Partners LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 834 shares of the company's stock, valued at approximately $1,627,000.
Other institutional investors also recently modified their holdings of the company. Texas Yale Capital Corp. grew its position in MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after purchasing an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its holdings in shares of MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after acquiring an additional 5 shares in the last quarter. Formidable Asset Management LLC lifted its stake in shares of MercadoLibre by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock valued at $272,000 after purchasing an additional 5 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of MercadoLibre by 4.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock valued at $201,000 after purchasing an additional 5 shares during the last quarter. Finally, Sonora Investment Management Group LLC lifted its stake in shares of MercadoLibre by 3.1% in the 1st quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock valued at $328,000 after purchasing an additional 5 shares during the last quarter. Institutional investors own 87.62% of the company's stock.
MercadoLibre Trading Up 2.7%
Shares of NASDAQ:MELI traded up $62.43 during trading on Friday, reaching $2,413.57. The stock had a trading volume of 319,769 shares, compared to its average volume of 388,965. The firm's fifty day moving average is $2,492.77 and its 200 day moving average is $2,184.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a 52 week low of $1,579.78 and a 52 week high of $2,645.22. The stock has a market cap of $122.37 billion, a price-to-earnings ratio of 59.36, a P/E/G ratio of 1.43 and a beta of 1.49.
MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. MercadoLibre's quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.78 EPS. As a group, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. Benchmark cut shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. Jefferies Financial Group reaffirmed a "hold" rating and issued a $2,800.00 price objective (up from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. Finally, Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus price target of $2,645.94.
View Our Latest Stock Report on MELI
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
Before you consider MercadoLibre, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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.
While MercadoLibre currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
