MercadoLibre, Inc. $MELI Shares Acquired by Capital Advisors Inc. OK

Key Points

• Capital Advisors Inc. OK increased its stake in MercadoLibre, Inc. by 5.2% during the 2nd quarter, bringing their total holdings to 16,140 shares valued at approximately $42.18 million.
• MercadoLibre's stock has received a mix of ratings from analysts, with one strong buy, fifteen buy ratings, and two holds; its average price target is $2,822.78.
• The company reported earnings of $10.31 per share for the most recent quarter, missing estimates, but its revenue increased by 33.8% year-over-year to $6.79 billion.

Capital Advisors Inc. OK increased its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,140 shares of the company's stock after acquiring an additional 799 shares during the period. Capital Advisors Inc. OK's holdings in MercadoLibre were worth $42,183,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Optimize Financial Inc lifted its position in MercadoLibre by 1.7% during the first quarter. Optimize Financial Inc now owns 238 shares of the company's stock valued at $464,000 after buying an additional 4 shares in the last quarter. Sonora Investment Management Group LLC lifted its position in MercadoLibre by 3.1% during the first quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock valued at $328,000 after buying an additional 5 shares in the last quarter. Beacon Capital Management LLC lifted its position in MercadoLibre by 8.3% during the first quarter. Beacon Capital Management LLC now owns 65 shares of the company's stock valued at $127,000 after buying an additional 5 shares in the last quarter. Range Financial Group LLC lifted its position in MercadoLibre by 2.7% during the second quarter. Range Financial Group LLC now owns 188 shares of the company's stock valued at $491,000 after buying an additional 5 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in MercadoLibre by 3.1% during the first quarter. Forum Financial Management LP now owns 199 shares of the company's stock valued at $388,000 after buying an additional 6 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MELI has been the topic of a number of recent research reports. Raymond James Financial reaffirmed a "strong-buy" rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their price target on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating on the stock in a research report on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of MercadoLibre in a research report on Saturday, September 27th. Susquehanna reissued a "positive" rating and set a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Finally, Wedbush set a $2,700.00 target price on shares of MercadoLibre and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and an average price target of $2,822.78.

MercadoLibre Stock Down 3.3%

MELI stock opened at $2,172.75 on Monday. 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 1-year low of $1,646.00 and a 1-year high of $2,645.22. The firm has a fifty day moving average price of $2,382.29 and a two-hundred day moving average price of $2,345.48. The firm has a market cap of $110.15 billion, a price-to-earnings ratio of 53.66, a PEG ratio of 1.45 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $10.31 earnings per share 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 firm's revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.48 EPS. Research analysts predict 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.

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