U.S. Capital Wealth Advisors LLC Purchases 649 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

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

Several other large investors also recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its holdings in shares of MercadoLibre by 8.0% during the 4th quarter. Capital Research Global Investors now owns 2,415,815 shares of the company's stock worth $4,108,079,000 after buying an additional 179,807 shares during the period. Capital International Investors raised 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 valued at $2,868,869,000 after purchasing an additional 470,829 shares during the last quarter. Capital World Investors raised its stake in MercadoLibre by 24.5% during the 4th quarter. Capital World Investors now owns 1,568,602 shares of the company's stock valued at $2,667,386,000 after purchasing an additional 308,973 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in MercadoLibre by 41.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after purchasing an additional 405,425 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in MercadoLibre by 0.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 545,292 shares of the company's stock valued at $927,239,000 after purchasing an additional 2,048 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on MELI shares. Susquehanna reiterated a "positive" rating and set a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Wall Street Zen cut shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $2,800.00 target price (up previously from $2,450.00) on shares of MercadoLibre in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus target price of $2,645.94.

MercadoLibre Trading Down 0.6%

Shares of NASDAQ MELI traded down $14.65 during mid-day trading on Friday, hitting $2,387.45. The company's stock had a trading volume of 341,673 shares, compared to its average volume of 389,087. The stock has a market cap of $121.04 billion, a price-to-earnings ratio of 58.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a one year low of $1,579.78 and a one year high of $2,645.22. The company's fifty day simple moving average is $2,486.03 and its 200-day simple moving average is $2,158.29.

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

About MercadoLibre

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.