Calamos Wealth Management LLC Acquires 161 Shares of MercadoLibre, Inc. $MELI

Key Points

• Calamos Wealth Management LLC increased its holdings in MercadoLibre, Inc. by 11.9%, acquiring 161 additional shares, bringing its total ownership to 1,515 shares valued at approximately $3.96 million.
• MercadoLibre reported a missed earnings estimate with $10.31 EPS for the quarter, below the consensus forecast of $12.01, despite a year-over-year revenue increase of 33.8% to $6.79 billion.
• Analysts have varying target prices for MercadoLibre, with Barclays lowering their target from $3,100 to $3,000, while others like Raymond James maintain a strong buy rating with a target of $2,750.

Calamos Wealth Management LLC grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,515 shares of the company's stock after acquiring an additional 161 shares during the quarter. Calamos Wealth Management LLC's holdings in MercadoLibre were worth $3,960,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Key Financial Inc bought a new stake in shares of MercadoLibre during the 1st quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in MercadoLibre in the 1st quarter worth approximately $25,000. Close Asset Management Ltd lifted its position in MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after buying an additional 11 shares during the last quarter. Brooklyn Investment Group lifted its position in MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after buying an additional 13 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in MercadoLibre in the 1st quarter worth approximately $29,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

MELI opened at $2,024.98 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. The stock has a market capitalization of $102.67 billion, a PE ratio of 50.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. The stock's 50 day moving average price is $2,336.31 and its 200-day moving average price is $2,349.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. During the same period last year, the firm posted $10.48 earnings per share. MercadoLibre's quarterly revenue was up 33.8% on a year-over-year basis. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays dropped their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Raymond James Financial restated a "strong-buy" rating and issued a $2,750.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Benchmark reiterated a "buy" rating and issued a $2,875.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. lowered their price objective on MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating for the company in a research report on Friday, October 3rd. Finally, Susquehanna lowered their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a "positive" rating for the company in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,810.88.

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.

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