Moody Lynn & Lieberson LLC Invests $227,000 in MercadoLibre, Inc. $MELI

Moody Lynn & Lieberson LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 87 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banco Santander S.A. raised its holdings in MercadoLibre by 221.9% during the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company’s stock valued at $5,357,000 after buying an additional 1,893 shares during the period. Prospect Financial Services LLC grew its position in MercadoLibre by 41.7% in the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company’s stock valued at $663,000 after acquiring an additional 100 shares during the last quarter. Stratos Investment Management LLC bought a new position in shares of MercadoLibre during the 1st quarter worth $203,000. Ground Swell Capital LLC bought a new position in shares of MercadoLibre during the 1st quarter worth $439,000. Finally, Alta Capital Management LLC grew its position in shares of MercadoLibre by 97.9% during the 1st quarter. Alta Capital Management LLC now owns 14,728 shares of the company’s stock worth $28,732,000 after buying an additional 7,284 shares in the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Up 1.3%

Shares of NASDAQ:MELI opened at $2,501.31 on Tuesday. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. The stock has a market cap of $126.81 billion, a price-to-earnings ratio of 61.78, a PEG ratio of 1.61 and a beta of 1.49. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $2,394.29 and a 200-day moving average price of $2,340.65.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The firm’s revenue was up 33.8% on a year-over-year basis. During the same period last year, the business earned $10.48 earnings per share. Equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Barclays dropped their price objective on MercadoLibre from $3,100.00 to $3,000.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Daiwa Capital Markets assumed coverage on MercadoLibre in a research report on Friday, August 1st. They set a “buy” rating and a $3,000.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on MercadoLibre from $2,600.00 to $2,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Wedbush set a $2,700.00 price objective on MercadoLibre and gave the company an “outperform” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,828.33.

MercadoLibre Company Profile

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.