Capital Advisors Inc. OK Raises Stock Holdings in MercadoLibre, Inc. $MELI

Capital Advisors Inc. OK increased its stake in MercadoLibre, Inc. (NASDAQ:MELIFree Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,178 shares of the company’s stock after purchasing an additional 1,662 shares during the period. Capital Advisors Inc. OK’s holdings in MercadoLibre were worth $42,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MELI. Darwin Wealth Management LLC purchased a new position in MercadoLibre in the 2nd quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new stake in shares of MercadoLibre during the 4th quarter valued at $32,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of MercadoLibre during the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of MercadoLibre during the 3rd quarter worth $35,000. Finally, Cullen Frost Bankers Inc. grew its position in MercadoLibre by 100.0% in the third quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MELI has been the topic of a number of research analyst reports. UBS Group reduced their target price on MercadoLibre from $2,900.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Morgan Stanley dropped their price target on MercadoLibre from $2,800.00 to $2,600.00 and set an “overweight” rating for the company in a research note on Monday, March 9th. Cantor Fitzgerald cut their price objective on MercadoLibre from $2,750.00 to $2,400.00 and set an “overweight” rating for the company in a report on Wednesday, February 25th. Zacks Research upgraded MercadoLibre from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings cut MercadoLibre from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,708.67.

Check Out Our Latest Report on MELI

Key Headlines Impacting MercadoLibre

Here are the key news stories impacting MercadoLibre this week:

MercadoLibre Price Performance

MELI stock opened at $1,729.02 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.17. MercadoLibre, Inc. has a 52 week low of $1,593.21 and a 52 week high of $2,645.22. The firm’s fifty day moving average is $1,885.90 and its 200 day moving average is $2,053.42. The firm has a market cap of $87.66 billion, a P/E ratio of 43.88, a P/E/G ratio of 0.82 and a beta of 1.48.

MercadoLibre (NASDAQ:MELIGet Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $11.03 earnings per share for the quarter, missing the consensus estimate of $11.66 by ($0.63). MercadoLibre had a return on equity of 33.73% and a net margin of 6.91%.The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the firm earned $12.61 earnings per share. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. Research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

MercadoLibre Profile

(Free Report)

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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