Calamos Advisors LLC Acquires 1,226 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Calamos Advisors LLC increased its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,981 shares of the company's stock after buying an additional 1,226 shares during the period. Calamos Advisors LLC's holdings in MercadoLibre were worth $7,766,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new position in shares of MercadoLibre during the fourth quarter worth $26,000. Covestor Ltd acquired a new position in MercadoLibre during the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of MercadoLibre by 375.0% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 19 shares of the company's stock valued at $37,000 after buying an additional 15 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in shares of MercadoLibre during the fourth quarter worth about $37,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Up 1.4%

MELI stock opened at $2,507.03 on Friday. The stock's 50 day simple moving average is $2,469.05 and its 200 day simple moving average is $2,135.88. The company has a market cap of $127.11 billion, a P/E ratio of 61.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. 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 fifty-two week low of $1,579.78 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same period in the prior year, the firm earned $6.78 earnings per share. MercadoLibre's revenue for the quarter was up 37.0% on a year-over-year basis. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on MELI shares. Susquehanna reiterated a "positive" rating and issued a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Jefferies Financial Group restated a "hold" rating and issued a $2,800.00 price target (up previously from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. The Goldman Sachs Group lifted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,645.94.

MercadoLibre Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.