100 Shares in MercadoLibre, Inc. $MELI Purchased by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds also recently made changes to their positions in the company. Key Financial Inc bought a new position in shares of MercadoLibre in the first quarter worth $25,000. GW&K Investment Management LLC acquired a new stake in shares of MercadoLibre during the 1st quarter worth approximately $25,000. Close Asset Management Ltd increased its stake in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares during the last quarter. Brooklyn Investment Group raised its position in MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of MercadoLibre in the 1st quarter valued at $29,000. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MELI has been the subject of several research analyst reports. Morgan Stanley boosted their target price on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a research note on Monday. Benchmark cut their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Susquehanna lowered their price target on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a report on Monday. Finally, Cantor Fitzgerald dropped their target price on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,822.35.

MercadoLibre Stock Down 0.5%

Shares of MercadoLibre stock opened at $2,316.40 on Tuesday. The firm has a market cap of $117.43 billion, a price-to-earnings ratio of 56.53, a PEG ratio of 1.56 and a beta of 1.46. The stock’s 50-day moving average is $2,308.75 and its 200 day moving average is $2,376.21. 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 one year low of $1,646.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). The business had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.MercadoLibre’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.83 earnings per share. Equities research analysts anticipate 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.