Maxi Investments CY Ltd lifted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 246.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,960 shares of the company's stock after purchasing an additional 2,106 shares during the period. MercadoLibre accounts for about 1.0% of Maxi Investments CY Ltd's investment portfolio, making the stock its 28th biggest position. Maxi Investments CY Ltd's holdings in MercadoLibre were worth $5,024,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at $26,000. Purpose Unlimited Inc. purchased a new position in shares of MercadoLibre during the fourth quarter valued at $28,000. Darwin Wealth Management LLC bought a new stake in shares of MercadoLibre in the second quarter valued at about $29,000. Finally, Curio Wealth LLC bought a new stake in shares of MercadoLibre in the fourth quarter valued at about $30,000. Institutional investors own 87.62% of the company's stock.
MercadoLibre Stock Performance
Shares of MELI opened at $1,922.73 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market cap of $97.48 billion, a PE ratio of 52.29, a P/E/G ratio of 1.32 and a beta of 1.34. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The stock has a fifty day moving average price of $1,793.05 and a 200-day moving average price of $1,773.33.
MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The firm's revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the previous year, the business earned $10.31 EPS. Equities research analysts predict that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on MELI shares. Daiwa Securities Group cut shares of MercadoLibre from a "buy" rating to a "hold" rating and set a $1,800.00 target price on the stock. in a report on Friday, May 8th. BTIG Research restated a "buy" rating and issued a $2,150.00 price target on shares of MercadoLibre in a report on Thursday, August 6th. Citigroup upped their price target on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. UBS Group dropped their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 13th. Finally, Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,272.00.
Read Our Latest Research Report on MELI
MercadoLibre Profile
(
Free Report)
MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.
Key offerings include its marketplace platform and a suite of logistics and payment services.
Featured Stories
Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider MercadoLibre, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.
While MercadoLibre currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
