Yousif Capital Management LLC Invests $261,000 in MercadoLibre, Inc. (NASDAQ:MELI)

Yousif Capital Management LLC bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 134 shares of the company's stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Park Square Financial Group LLC acquired a new stake in MercadoLibre during the 4th quarter valued at $26,000. Covestor Ltd bought a new stake in shares of MercadoLibre during the 4th quarter worth about $27,000. Heck Capital Advisors LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $32,000. VSM Wealth Advisory LLC acquired a new position in MercadoLibre in the 4th quarter valued at about $37,000. Finally, Banque Transatlantique SA bought a new position in MercadoLibre in the 4th quarter valued at about $41,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of MELI traded up $49.08 during mid-day trading on Monday, reaching $2,452.89. The company had a trading volume of 349,805 shares, compared to its average volume of 386,748. The company has a market capitalization of $124.36 billion, a price-to-earnings ratio of 59.12, a P/E/G ratio of 1.34 and a beta of 1.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.18 and a current ratio of 1.20. The company's 50 day simple moving average is $2,387.65 and its 200 day simple moving average is $2,090.27. MercadoLibre, Inc. has a 1-year low of $1,563.21 and a 1-year high of $2,635.88.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating analysts' consensus estimates of $7.82 by $1.92. The firm 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 quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted $6.78 earnings per share. Analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group set a $3,000.00 target price on MercadoLibre in a research report on Monday, June 2nd. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their target price on MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Cantor Fitzgerald reduced their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. Finally, Barclays raised their price target on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $2,632.50.

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.