Caliber Wealth Management LLC KS Takes $1.77 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• Caliber Wealth Management LLC KS has acquired a new position in MercadoLibre, purchasing 907 shares valued at approximately $1.77 million.
• Institutional investors hold a significant stake in MercadoLibre, owning 87.62% of the company's stock, reflecting strong institutional interest.
• MercadoLibre reported $9.74 EPS for the last quarter, exceeding estimates, with a year-over-year revenue increase of 37.0%.

Caliber Wealth Management LLC KS purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 907 shares of the company's stock, valued at approximately $1,769,000.

A number of other large investors have also recently modified their holdings of the business. Capital Research Global Investors raised its holdings in shares of MercadoLibre by 8.0% during the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock valued at $4,108,079,000 after buying an additional 179,807 shares in the last quarter. Capital International Investors increased its stake in MercadoLibre by 38.7% in the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after purchasing an additional 470,829 shares during the period. Capital World Investors boosted its holdings in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock worth $2,667,386,000 after purchasing an additional 308,973 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after purchasing an additional 405,425 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of MercadoLibre by 1.6% during the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock worth $2,251,531,000 after purchasing an additional 18,731 shares during the period. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Down 0.1%

NASDAQ MELI opened at $2,391.05 on Friday. The stock's 50-day moving average price is $2,480.35 and its 200-day moving average price is $2,198.06. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. MercadoLibre, Inc. has a 52 week low of $1,579.78 and a 52 week high of $2,645.22. The company has a market capitalization of $121.23 billion, a P/E ratio of 58.81, a price-to-earnings-growth ratio of 1.42 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data 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 48.46% and a net margin of 9.21%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.55 billion. During the same quarter last year, the company earned $6.78 earnings per share. The business's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reissued a "hold" rating and set a $2,800.00 target price (up from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. Susquehanna reissued a "positive" rating and set a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Cantor Fitzgerald reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. UBS Group set a $3,000.00 target price on MercadoLibre in a research note on Monday, June 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,639.69.

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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