Capital Advisors Inc. OK Has $44.04 Million Stock Position in MercadoLibre, Inc. $MELI

Capital Advisors Inc. OK cut its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,947 shares of the company’s stock after selling 299 shares during the period. Capital Advisors Inc. OK owned about 0.05% of MercadoLibre worth $44,042,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bison Wealth LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth $206,000. Empowered Funds LLC boosted its stake in MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth boosted its stake in MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after buying an additional 178 shares in the last quarter. Sivia Capital Partners LLC bought a new position in MercadoLibre in the second quarter valued at about $261,000. Finally, Gamco Investors INC. ET AL grew its position in MercadoLibre by 21.4% in the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock valued at $444,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MercadoLibre stock opened at $1,966.25 on Friday. The stock has a 50-day moving average price of $1,824.45 and a two-hundred day moving average price of $1,772.36. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,548.50. The company has a market capitalization of $99.69 billion, a PE ratio of 53.47, a P/E/G ratio of 1.35 and a beta of 1.34. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping the consensus estimate of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The company had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.79 billion. During the same period in the previous year, the business posted $10.31 earnings per share. The business’s quarterly revenue was up 49.8% compared to the same quarter last year. Analysts expect that MercadoLibre, Inc. will post 39.11 EPS for the current year.

Analysts Set New Price Targets

MELI has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Cantor Fitzgerald lifted their price target on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Raymond James Financial set a $2,000.00 price objective on shares of MercadoLibre in a research note on Friday, May 8th. Finally, UBS Group cut their target price on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,272.00.

About MercadoLibre

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.