Capital Advisors Inc. OK Acquires 1,317 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Capital Advisors Inc. OK boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,341 shares of the company's stock after purchasing an additional 1,317 shares during the period. Capital Advisors Inc. OK's holdings in MercadoLibre were worth $29,929,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MELI. 1620 Investment Advisors Inc. grew its holdings in shares of MercadoLibre by 2.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 203 shares of the company's stock worth $346,000 after purchasing an additional 5 shares during the last quarter. Texas Yale Capital Corp. lifted 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 buying an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its holdings in MercadoLibre by 0.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after acquiring an additional 5 shares during the last quarter. Formidable Asset Management LLC increased its position in 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 acquiring an additional 5 shares in the last quarter. Finally, Revolve Wealth Partners LLC raised its stake in shares of MercadoLibre by 4.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock worth $201,000 after acquiring an additional 5 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Down 0.5%

Shares of MELI stock traded down $12.97 on Monday, reaching $2,501.08. The company had a trading volume of 311,383 shares, compared to its average volume of 388,712. The stock has a market cap of $126.80 billion, a PE ratio of 61.51, a PEG ratio of 1.49 and a beta of 1.49. The company has a 50-day moving average of $2,469.05 and a 200-day moving average of $2,139.17. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. MercadoLibre, Inc. has a 12 month low of $1,579.78 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $7.82 by $1.92. The firm had revenue of $5.94 billion during 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%. The business's quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.78 earnings per share. On average, equities analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on MELI. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. JPMorgan Chase & Co. boosted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, UBS Group set a $3,000.00 price objective on MercadoLibre in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,645.94.

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.