MercadoLibre, Inc. $MELI Shares Purchased by LRI Investments LLC

LRI Investments LLC boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 586 shares of the company’s stock after buying an additional 19 shares during the period. LRI Investments LLC’s holdings in MercadoLibre were worth $1,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MELI. Bison Wealth LLC acquired a new stake in MercadoLibre in the 4th quarter worth about $206,000. Yousif Capital Management LLC acquired a new stake in MercadoLibre in the 1st quarter worth about $261,000. Wealthcare Advisory Partners LLC boosted its stake in MercadoLibre by 16.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 258 shares of the company’s stock worth $503,000 after buying an additional 37 shares during the last quarter. CX Institutional acquired a new stake in MercadoLibre in the 1st quarter worth about $224,000. Finally, Fifth Third Bancorp boosted its stake in MercadoLibre by 5.2% in the 1st quarter. Fifth Third Bancorp now owns 2,038 shares of the company’s stock worth $3,976,000 after buying an additional 101 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,133.67 on Friday. The stock’s 50 day moving average price is $2,363.50 and its 200 day moving average price is $2,346.09. The firm has a market capitalization of $108.17 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released 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 company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period last year, the firm posted $10.48 earnings per share. The business’s revenue was up 33.8% on a year-over-year basis. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Susquehanna reaffirmed a “positive” rating and issued a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Cantor Fitzgerald lifted their price objective on MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Wall Street Zen lowered MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $2,800.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two 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 $2,815.29.

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.