Calamos Advisors LLC Invests $1.90 Million in Mercadolibre Inc (MELI) Stock
Calamos Advisors LLC bought a new position in shares of Mercadolibre Inc (NASDAQ:MELI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,735 shares of the company’s stock, valued at approximately $1,896,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Csenge Advisory Group acquired a new position in Mercadolibre during the third quarter worth $42,000. We Are One Seven LLC acquired a new position in Mercadolibre during the fourth quarter worth $51,000. Larson Financial Group LLC acquired a new position in Mercadolibre during the fourth quarter worth $59,000. Bogart Wealth LLC boosted its position in Mercadolibre by 15.8% during the fourth quarter. Bogart Wealth LLC now owns 374 shares of the company’s stock worth $109,000 after purchasing an additional 51 shares during the period. Finally, Executive Wealth Management LLC bought a new position in Mercadolibre during the fourth quarter worth $112,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
A number of equities analysts have commented on the stock. Goldman Sachs Group assumed coverage on shares of Mercadolibre in a research report on Tuesday, February 5th. They set a “buy” rating and a $438.00 price objective for the company. ValuEngine raised shares of Mercadolibre from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 21st. JPMorgan Chase & Co. lifted their price objective on shares of Mercadolibre from $430.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, March 11th. KeyCorp assumed coverage on shares of Mercadolibre in a research report on Tuesday, December 18th. They set a “sector weight” rating for the company. Finally, BTIG Research lifted their price objective on shares of Mercadolibre to $535.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $443.92.
Shares of Mercadolibre stock opened at $513.68 on Tuesday. The stock has a market capitalization of $23.09 billion, a PE ratio of -626.44 and a beta of 2.22. Mercadolibre Inc has a 52-week low of $257.52 and a 52-week high of $527.09. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.30 and a quick ratio of 1.29.
Mercadolibre (NASDAQ:MELI) last announced its earnings results on Tuesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.13. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $400.80 million. Mercadolibre had a negative net margin of 2.54% and a negative return on equity of 13.47%. Mercadolibre’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.53) earnings per share. As a group, analysts anticipate that Mercadolibre Inc will post 0.4 earnings per share for the current year.
MercadoLibre, Inc hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The company's Marketplace platform enables commerce through online classifieds for motor vehicles, vessels, aircraft, services, and real estate; and Internet users to browse through various products that are listed on its Website and to register with MercadoLibre to list and purchase items and services.
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