CW Advisors LLC Makes New Investment in MercadoLibre, Inc. $MELI

Key Points

• CW Advisors LLC has purchased 249 shares of MercadoLibre, Inc. valued at approximately $489,000, indicating growing institutional interest in the company.
• MercadoLibre reported earnings of $10.31 per share for the last quarter, missing estimates, but generated revenue of $6.79 billion, surpassing expectations.
• Analysts have set an average target price of $2,817.22 for MercadoLibre, with a consensus rating of "Moderate Buy" based on multiple recent research reports.

CW Advisors LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 249 shares of the company's stock, valued at approximately $489,000.

Several other large investors also recently modified their holdings of MELI. Bank Pictet & Cie Europe AG purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $561,000. Integrated Wealth Concepts LLC increased its stake in shares of MercadoLibre by 4.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 755 shares of the company's stock worth $1,284,000 after purchasing an additional 34 shares during the last quarter. Northern Trust Corp increased its stake in shares of MercadoLibre by 4.1% during the 4th quarter. Northern Trust Corp now owns 143,025 shares of the company's stock worth $243,205,000 after purchasing an additional 5,605 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of MercadoLibre by 32.0% during the 4th quarter. AQR Capital Management LLC now owns 10,791 shares of the company's stock worth $18,350,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Voleon Capital Management LP purchased a new stake in shares of MercadoLibre during the 4th quarter worth approximately $4,146,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a research note on Friday, August 1st. They set a "buy" rating and a $3,000.00 price target for the company. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a report on Monday, June 2nd. Susquehanna reissued a "positive" rating and set a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Barclays lowered their target price on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Wedbush set a $2,700.00 target price on shares of MercadoLibre and gave the company an "outperform" rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,817.22.

MercadoLibre Trading Up 0.0%

NASDAQ MELI traded up $0.62 during trading on Friday, hitting $2,472.91. 292,481 shares of the company's stock traded hands, compared to its average volume of 390,755. The stock has a fifty day moving average of $2,413.70 and a two-hundred day moving average of $2,290.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The firm has a market cap of $125.38 billion, a P/E ratio of 61.07, a PEG ratio of 1.61 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly 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 quarter in the previous year, the company earned $10.48 earnings per share. The business's quarterly revenue was up 33.8% on a year-over-year basis. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre 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.