A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Cozad Asset Management Inc. A new stake in MercadoLibre stock during the first quarter valued at approximately $266,000. Csenge Advisory Group acquired a new position in MercadoLibre shares in the first quarter valued at approximately $664,000. Knights of Columbus Asset Advisors LLC increased its stake in MercadoLibre shares by 0.9% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,197 shares of the company’s stock valued at $4,214,000 after purchasing an additional 29 shares during the period. Magdal Insurance and Financial Holding Ltd. increased its holdings in MercadoLibre by 185.7% during the first quarter. Magdal Insurance and Financial Holding Company Limited now owns 20 shares of the company’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Finally, CWM LLC boosted its stake in MercadoLibre by 24.6% in the first quarter. CWM LLC now owns 385 shares of the company’s stock valued at $508,000 after purchasing an additional 76 shares during the period. Institutional investors own 80.67% of the company’s shares.
Analyst rating changes
A number of brokerages have recently impacted MELI. Barclays raised its price target for shares of MercadoLibre from $1,525.00 to $1,575.00 in a report on Thursday, May 4th. Wolfe Research cut its price target for shares of MercadoLibre from $1,700.00 to $1,400.00 in a research report on Monday, July 10th. BTIG Research boosted its price target for shares of MercadoLibre from $1,400.00 to $1,600.00 in a report on Thursday, May 4th. New Street Research lowered shares of MercadoLibre from a “buy” rating to a “neutral” rating and set a price target of $1350.00 for the company. In a report on Thursday, April 6th. Finally, Morgan Stanley raised its price target for MercadoLibre shares from $1,620.00 to $1,770.00 in a report on Friday, March 31st. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre has an average rating of “Moderate Buy” and an average price target of $1,491.50.
MercadoLibre shares rose 0.3%.
MELI was trading as high as $3.53 during Tuesday’s trading, to reach $1,182.70. The share trading volume amounted to 201,871 shares, compared to an average trading volume of 493,780 shares. The company has a trading ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $59.38 billion, a price-to-earnings ratio of 96.87, a price-to-earnings/earnings ratio of 1.55 and a beta of 1.54. The stock’s 50-day moving average is $1,227.19 and its 200-day moving average is $1,189.15. Register MercadoLibre, Inc. The one-year low is at $694.64 and the one-year high is at $1,365.64.
MercadoLibre (NASDAQ: MELI — Get Free Report) last released its quarterly earnings results on Wednesday, May 3rd. The company reported earnings of $3.97 per share for the quarter, beating consensus estimates of $3.04 by $0.93. The company generated $3.04 billion in revenue for the quarter, compared to consensus estimates of $2.88 billion. MercadoLibre had a return on equity of 34.92% and a net margin of 5.46%. The company’s revenue increased 35.1% year over year. During the same period last year, the company earned $1.30 in earnings per share. As a group, analysts expect MercadoLibre, Inc. 16.69 earnings per share for the current year.
MercadoLibre, Inc. operates online commerce platforms in Latin America. operates the Mercado Libre Marketplace, an automated e-commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct online buying and selling; and Mercado Pago FinTech, a financial technology solutions platform, which facilitates transactions on and off the markets by providing a mechanism that allows its users to send and receive payments online, as well as allowing users to transfer funds through their websites or on applications.
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