MercadoLibre, Inc. $MELI Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co grew its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 10.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,142 shares of the company’s stock after buying an additional 109 shares during the quarter. CENTRAL TRUST Co’s holdings in MercadoLibre were worth $2,985,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MELI. Optimize Financial Inc grew its position in MercadoLibre by 1.7% during the first quarter. Optimize Financial Inc now owns 238 shares of the company’s stock valued at $464,000 after acquiring an additional 4 shares during the period. Range Financial Group LLC lifted its stake in shares of MercadoLibre by 2.7% in the 2nd quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of MercadoLibre by 26.3% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock worth $63,000 after purchasing an additional 5 shares during the period. Forum Financial Management LP grew its holdings in shares of MercadoLibre by 3.1% during the 1st quarter. Forum Financial Management LP now owns 199 shares of the company’s stock worth $388,000 after purchasing an additional 6 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in MercadoLibre by 37.5% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock worth $43,000 after purchasing an additional 6 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Up 0.4%

NASDAQ:MELI opened at $2,099.57 on Wednesday. The stock has a market cap of $106.44 billion, a price-to-earnings ratio of 51.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.51. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The business’s 50-day simple moving average is $2,277.14 and its 200 day simple moving average is $2,377.49.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing analysts’ consensus estimates of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The business had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the business earned $7.83 EPS. MercadoLibre’s revenue for the quarter was up 39.5% compared to the same quarter last year. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. Scotiabank began coverage on shares of MercadoLibre in a research note on Monday, July 28th. They issued a “sector outperform” rating and a $3,500.00 target price on the stock. Susquehanna decreased 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 research report on Monday, October 13th. Citigroup lowered their price target on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, Wedbush boosted their price objective on MercadoLibre from $2,700.00 to $2,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2,861.25.

MercadoLibre 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.