MercadoLibre, Inc. $MELI Shares Purchased by Curio Wealth LLC

Curio Wealth LLC lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1,400.0% during the second quarter, HoldingsChannel.com reports. The fund owned 15 shares of the company’s stock after purchasing an additional 14 shares during the quarter. Curio Wealth LLC’s holdings in MercadoLibre were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in MercadoLibre by 1.6% during the 1st quarter. Jennison Associates LLC now owns 1,154,116 shares of the company’s stock worth $2,251,531,000 after acquiring an additional 18,731 shares during the period. Invesco Ltd. lifted its holdings in shares of MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock worth $1,113,881,000 after purchasing an additional 104,554 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in MercadoLibre by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company’s stock valued at $1,073,823,000 after buying an additional 96,283 shares during the last quarter. Generation Investment Management LLP increased its stake in MercadoLibre by 3.3% in the 1st quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock valued at $1,035,061,000 after buying an additional 16,878 shares during the period. Finally, GQG Partners LLC raised its position in MercadoLibre by 23.5% during the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock worth $901,058,000 after buying an additional 87,912 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the topic of a number of analyst reports. Daiwa Capital Markets began coverage on MercadoLibre in a report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price objective on the stock. Barclays dropped their price objective on MercadoLibre from $3,000.00 to $2,800.00 and set an “overweight” rating on the stock in a report on Tuesday. Benchmark reissued a “buy” rating and issued a $2,875.00 target price on shares of MercadoLibre in a report on Tuesday, October 21st. Cantor Fitzgerald upped their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2,799.12.

MercadoLibre Trading Up 0.6%

Shares of MELI stock opened at $2,161.11 on Friday. The firm’s 50-day simple moving average is $2,315.64 and its 200-day simple moving average is $2,359.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The firm has a market cap of $109.57 billion, a P/E ratio of 53.37, a PEG ratio of 1.47 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion during 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%.The company’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the business posted $10.48 earnings per share. As a group, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current 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.