Cottonwood Capital Advisors LLC Purchases Shares of 100 MercadoLibre, Inc. $MELI

Cottonwood Capital Advisors LLC purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds have also recently bought and sold shares of MELI. Bison Wealth LLC bought a new stake in MercadoLibre in the 4th quarter valued at $206,000. Yousif Capital Management LLC acquired a new position in shares of MercadoLibre in the 1st quarter valued at $261,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of MercadoLibre by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,218 shares of the company’s stock valued at $8,230,000 after buying an additional 169 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of MercadoLibre by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,684 shares of the company’s stock valued at $13,040,000 after buying an additional 357 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of MercadoLibre by 73.2% in the 1st quarter. QRG Capital Management Inc. now owns 291 shares of the company’s stock valued at $568,000 after buying an additional 123 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Down 0.9%

Shares of NASDAQ:MELI opened at $2,024.98 on Friday. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company has a 50 day moving average of $2,336.31 and a 200-day moving average of $2,346.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The stock has a market cap of $102.66 billion, a price-to-earnings ratio of 50.01, a P/E/G ratio of 1.38 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last issued its quarterly 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). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the prior year, the firm earned $10.48 EPS. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Citigroup dropped their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Jefferies Financial Group reiterated a “hold” rating and set a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. dropped their target price on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Finally, Barclays dropped their target price on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,810.88.

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.