Graham Capital Management L.P. Acquires 341 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Graham Capital Management L.P. increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 139.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 586 shares of the company's stock after buying an additional 341 shares during the period. Graham Capital Management L.P.'s holdings in MercadoLibre were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Human Investing LLC bought a new stake in MercadoLibre during the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. boosted its stake in shares of MercadoLibre by 220.0% during the fourth quarter. Pacific Capital Wealth Advisors Inc. now owns 16 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of MercadoLibre by 100.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 16 shares of the company's stock valued at $27,000 after buying an additional 8 shares during the period. Covestor Ltd bought a new position in MercadoLibre in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth approximately $32,000. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Bank of America raised their price target on shares of MercadoLibre from $2,500.00 to $3,000.00 and gave the company a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price target on MercadoLibre from $1,950.00 to $2,300.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Susquehanna raised their price target on shares of MercadoLibre from $2,350.00 to $2,760.00 and gave the stock a "positive" rating in a report on Friday, February 21st. Finally, Benchmark lowered shares of MercadoLibre from a "buy" rating to a "cautious" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $2,521.33.

MercadoLibre Stock Down 0.0%

MercadoLibre stock traded down $0.44 during midday trading on Monday, hitting $2,584.48. 77,517 shares of the stock were exchanged, compared to its average volume of 381,936. MercadoLibre, Inc. has a 52-week low of $1,550.00 and a 52-week high of $2,610.30. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.78. The business's 50-day moving average price is $2,135.04 and its 200-day moving average price is $1,999.47. The stock has a market capitalization of $131.03 billion, a price-to-earnings ratio of 68.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, beating the consensus estimate of $7.82 by $1.92. The firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.55 billion. MercadoLibre had a return on equity of 51.89% and a net margin of 9.20%. The company's revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the business posted $6.78 earnings per share. On average, research analysts expect 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.