U.S. Capital Wealth Advisors LLC Buys 131 Shares of MercadoLibre, Inc. $MELI

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in MercadoLibre, Inc. by 8.9% in Q2, acquiring an additional 131 shares to reach a total of 1,605 shares valued at approximately $4.2 million.
• MercadoLibre reported Q2 earnings of $10.31 EPS, missing analysts' expectations of $12.01, despite a revenue increase of 33.8% year-over-year and beating revenue estimates.
• Research analysts have set various price targets for MercadoLibre, with a consensus average target price of $2,817.22 and a consensus rating of "Moderate Buy."

U.S. Capital Wealth Advisors LLC raised its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,605 shares of the company's stock after buying an additional 131 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in MercadoLibre were worth $4,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Key Financial Inc purchased a new position in shares of MercadoLibre in the 1st quarter worth about $25,000. GW&K Investment Management LLC bought a new stake in MercadoLibre in the 1st quarter worth about $25,000. Park Square Financial Group LLC bought a new stake in MercadoLibre in the 4th quarter worth about $26,000. Close Asset Management Ltd grew its stake in shares of MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Up 0.3%

Shares of MELI opened at $2,460.66 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The stock's 50 day moving average is $2,383.72 and its two-hundred day moving average is $2,323.05. The firm has a market cap of $124.76 billion, a P/E ratio of 60.77, a PEG ratio of 1.60 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.MercadoLibre's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the company earned $10.48 EPS. Analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and set a $2,875.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Barclays decreased their price objective on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Susquehanna reaffirmed a "positive" rating and set a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Daiwa Capital Markets assumed coverage on MercadoLibre in a research report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $2,817.22.

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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