Compound Planning Inc. Raises Stake in MercadoLibre, Inc. $MELI

Key Points

• Compound Planning Inc. increased its stake in MercadoLibre, Inc. to $2.84 million, representing a 20.1% rise during the first quarter.
• Analysts have set target prices for MercadoLibre ranging from $2,600 to $2,900, with most ratings falling between "Buy" and "Strong Buy."
• MercadoLibre reported earnings of $10.31 EPS in the last quarter, which missed analyst expectations, but achieved a year-over-year revenue increase of 33.8% to $6.79 billion.

Compound Planning Inc. lifted its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,456 shares of the company's stock after purchasing an additional 244 shares during the period. Compound Planning Inc.'s holdings in MercadoLibre were worth $2,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MELI. Meiji Yasuda Life Insurance Co raised its holdings in MercadoLibre by 0.5% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after buying an additional 5 shares during the last quarter. Formidable Asset Management LLC raised its holdings in MercadoLibre by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after buying an additional 5 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in 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 buying an additional 5 shares during the last quarter. Sonora Investment Management Group LLC grew its stake in shares of MercadoLibre by 3.1% in the first quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock worth $328,000 after acquiring an additional 5 shares during the period. Finally, Beacon Capital Management LLC grew its stake in shares of MercadoLibre by 8.3% in the first quarter. Beacon Capital Management LLC now owns 65 shares of the company's stock worth $127,000 after acquiring an additional 5 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

NASDAQ MELI traded down $2.21 during trading hours on Tuesday, hitting $2,405.53. 409,689 shares of the company's stock traded hands, compared to its average volume of 390,684. The business's fifty day moving average price is $2,410.39 and its two-hundred day moving average price is $2,280.61. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $121.96 billion, a P/E ratio of 59.41, a P/E/G ratio of 1.58 and a beta of 1.46. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced 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). The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business's quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the firm posted $10.48 earnings per share. Equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research note on Monday, June 2nd. Citigroup reduced their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,817.22.

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.