Congress Park Capital LLC Cuts Position in MercadoLibre, Inc. (NASDAQ:MELI)

Congress Park Capital LLC lessened its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 3.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,775 shares of the company's stock after selling 189 shares during the quarter. MercadoLibre comprises 3.5% of Congress Park Capital LLC's investment portfolio, making the stock its 7th biggest position. Congress Park Capital LLC's holdings in MercadoLibre were worth $9,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in MercadoLibre during the fourth quarter worth about $26,000. Covestor Ltd acquired a new position in MercadoLibre during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new position in MercadoLibre during the fourth quarter worth about $32,000. VSM Wealth Advisory LLC acquired a new position in MercadoLibre during the fourth quarter worth about $37,000. Finally, Banque Transatlantique SA acquired a new position in MercadoLibre during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MELI shares. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday. Citigroup restated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. Morgan Stanley restated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $2,632.50.

MercadoLibre Trading Up 2.0%

MELI stock traded up $49.08 during trading on Monday, hitting $2,452.89. The company had a trading volume of 349,805 shares, compared to its average volume of 386,748. The business has a 50-day moving average of $2,395.97 and a 200-day moving average of $2,093.81. MercadoLibre, Inc. has a one year low of $1,563.21 and a one year high of $2,635.88. The stock has a market cap of $124.36 billion, a PE ratio of 60.33, a PEG ratio of 1.34 and a beta of 1.51. 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 (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.82 by $1.92. The firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The company's revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.78 EPS. Research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.