MercadoLibre, Inc. $MELI Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in MercadoLibre, Inc. by 13.9% during Q2, bringing its total holdings to 1,040 shares valued at approximately $2.72 million.
• Analysts have varying forecasts for MercadoLibre's stock, with target prices ranging between $2,600 and $3,000, and a consensus rating of "Moderate Buy".
• In its most recent earnings report, MercadoLibre posted $10.31 EPS, missing estimates, but revenue increased by 33.8% year-over-year to reach $6.79 billion.

Cwm LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,040 shares of the company's stock after buying an additional 127 shares during the quarter. Cwm LLC's holdings in MercadoLibre were worth $2,718,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MELI. Key Financial Inc acquired a new position in MercadoLibre during the 1st quarter worth approximately $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre during the 1st quarter worth approximately $25,000. Close Asset Management Ltd grew its holdings in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Highline Wealth Partners LLC grew its holdings in MercadoLibre by 366.7% during the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company's stock worth $37,000 after acquiring an additional 11 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an "overweight" rating in a report on Wednesday, September 24th. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Daiwa Capital Markets initiated coverage on shares of MercadoLibre in a report on Friday, August 1st. They set a "buy" rating and a $3,000.00 price target for the company. JPMorgan Chase & Co. lowered their target price on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating for the company in a report on Friday, October 3rd. Finally, Benchmark restated a "buy" rating and issued a $2,875.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,810.88.

MercadoLibre Trading Down 0.9%

Shares of MercadoLibre stock opened at $2,024.98 on Friday. The company has a fifty day simple moving average of $2,336.31 and a 200-day simple moving average of $2,349.61. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The stock has a market cap of $102.67 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 1.37 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $10.31 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 during the quarter, compared to analysts' expectations of $6.57 billion. During the same quarter last year, the company earned $10.48 EPS. The firm's revenue for the quarter was up 33.8% compared to the same quarter last year. On average, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS 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.

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