U.S. Capital Wealth Advisors LLC Has $2.88 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

U.S. Capital Wealth Advisors LLC grew its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 78.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,474 shares of the company's stock after acquiring an additional 649 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in MercadoLibre were worth $2,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital International Investors increased its stake in MercadoLibre by 38.7% during the 4th quarter. Capital International Investors now owns 1,687,114 shares of the company's stock worth $2,868,869,000 after purchasing an additional 470,829 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of MercadoLibre by 41.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock worth $2,370,848,000 after acquiring an additional 405,425 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of MercadoLibre during the fourth quarter worth $565,306,000. Capital World Investors raised its holdings in shares of MercadoLibre by 24.5% during the fourth quarter. Capital World Investors now owns 1,568,602 shares of the company's stock worth $2,667,386,000 after acquiring an additional 308,973 shares during the period. Finally, Norges Bank acquired a new stake in shares of MercadoLibre during the fourth quarter worth $383,051,000. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a report on Monday, June 2nd. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a report on Friday, June 6th. JPMorgan Chase & Co. increased their price objective on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,645.94.

MercadoLibre Stock Performance

Shares of MELI traded down $62.29 during mid-day trading on Thursday, reaching $2,414.79. The company's stock had a trading volume of 258,501 shares, compared to its average volume of 387,470. MercadoLibre, Inc. has a 1-year low of $1,579.78 and a 1-year high of $2,645.22. The stock has a market cap of $122.43 billion, a P/E ratio of 59.35, a PEG ratio of 1.47 and a beta of 1.49. The business has a 50-day simple moving average of $2,481.74 and a two-hundred day simple moving average of $2,149.21. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57.

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