1,167 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP acquired a new stake in MercadoLibre, Inc. worth approximately $2.28 million by purchasing 1,167 shares in the first quarter.
• Analyst ratings for MercadoLibre are mixed, with a consensus average rating of "Moderate Buy" and a target price of $2,690.29.
• For the most recent quarter, MercadoLibre reported earnings of $9.74 per share, surpassing expectations, as revenue grew by 37% year-over-year.

GSA Capital Partners LLP acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,167 shares of the company's stock, valued at approximately $2,277,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Key Financial Inc bought a new stake in MercadoLibre in the first quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in MercadoLibre in the first quarter valued at about $25,000. Close Asset Management Ltd increased its holdings in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Park Square Financial Group LLC bought a new stake in MercadoLibre in the fourth quarter valued at about $26,000. Finally, Covestor Ltd bought a new stake in MercadoLibre in the fourth quarter valued at about $27,000. Institutional investors own 87.62% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on MELI shares. Jefferies Financial Group reaffirmed a "hold" rating and set a $2,800.00 price objective (up previously from $2,450.00) on shares of MercadoLibre in a research note on Thursday, June 5th. Barclays dropped their price objective on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald lowered their target price on MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $2,707.50.

MercadoLibre Stock Down 0.2%

Shares of NASDAQ:MELI traded down $3.63 during midday trading on Friday, reaching $2,370.27. The company had a trading volume of 238,889 shares, compared to its average volume of 388,258. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.57. The business's 50 day moving average price is $2,458.47 and its 200 day moving average price is $2,219.50. The stock has a market cap of $120.17 billion, a PE ratio of 58.44, a P/E/G ratio of 1.42 and a beta of 1.49. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The firm's revenue was up 37.0% on a year-over-year basis. During the same period last year, the business earned $6.78 earnings per share. Research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.