MercadoLibre, Inc. $MELI Shares Acquired by VSM Wealth Advisory LLC

VSM Wealth Advisory LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1,300.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28 shares of the company’s stock after buying an additional 26 shares during the period. VSM Wealth Advisory LLC’s holdings in MercadoLibre were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GW&K Investment Management LLC acquired a new stake in MercadoLibre in the first quarter worth approximately $25,000. Close Asset Management Ltd boosted its holdings in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after buying an additional 11 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after acquiring an additional 13 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of MercadoLibre during the first quarter worth $29,000. Finally, Saudi Central Bank purchased a new stake in shares of MercadoLibre during the first quarter valued at $35,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Trading Up 0.1%

NASDAQ MELI opened at $2,058.81 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The company has a market capitalization of $104.38 billion, a PE ratio of 50.24, a P/E/G ratio of 1.56 and a beta of 1.51. The stock has a 50-day simple moving average of $2,244.58 and a 200 day simple moving average of $2,369.78.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $8.32 EPS 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 company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $7.19 billion. During the same period last year, the company earned $7.83 earnings per share. The business’s revenue was up 39.5% compared to the same quarter last year. Research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. BTIG Research reissued a “buy” rating and set a $2,750.00 target price on shares of MercadoLibre in a research note on Friday, November 14th. Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Benchmark lowered their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Susquehanna reduced their target price on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,854.71.

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.