35 Shares in MercadoLibre, Inc. $MELI Bought by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35 shares of the company’s stock, valued at approximately $91,000.

Several other hedge funds also recently bought and sold shares of the stock. Optimize Financial Inc boosted its holdings in MercadoLibre by 1.7% in 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 last quarter. Range Financial Group LLC increased its holdings in MercadoLibre by 2.7% in the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after buying an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in MercadoLibre by 26.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock valued at $63,000 after buying an additional 5 shares during the last quarter. Forum Financial Management LP increased its holdings in MercadoLibre by 3.1% in the first quarter. Forum Financial Management LP now owns 199 shares of the company’s stock valued at $388,000 after buying an additional 6 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of MercadoLibre by 37.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock valued at $43,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the subject of a number of recent analyst reports. Benchmark decreased their price objective on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. increased their price objective on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research report on Monday. 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 for the company. Wedbush boosted their target price on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Citigroup dropped their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,822.35.

MercadoLibre Stock Down 0.5%

MELI stock opened at $2,316.40 on Tuesday. 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 company has a 50-day moving average of $2,308.75 and a two-hundred day moving average of $2,376.21. 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 capitalization of $117.43 billion, a price-to-earnings ratio of 56.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter in the previous year, the business posted $7.83 EPS. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. As a group, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

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.