Capstone Investment Advisors LLC Acquires New Stake in MercadoLibre, Inc. $MELI

Capstone Investment Advisors LLC bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,010 shares of the company’s stock, valued at approximately $1,714,000.

A number of other large investors have also modified their holdings of the business. Darwin Wealth Management LLC purchased a new stake in MercadoLibre during the 2nd quarter valued at about $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre during the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. acquired a new stake in shares of MercadoLibre in the fourth quarter valued at approximately $28,000. Finally, Curio Wealth LLC purchased a new position in MercadoLibre during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

MELI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Citigroup upped their price objective on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research note on Friday, May 8th. Scotiabank dropped their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research note on Thursday, May 7th. Finally, BTIG Research reaffirmed a “buy” rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $2,272.00.

MercadoLibre Trading Down 1.0%

NASDAQ MELI opened at $1,930.75 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The firm has a market cap of $97.88 billion, a price-to-earnings ratio of 52.51, a PEG ratio of 1.34 and a beta of 1.34. The firm has a 50 day simple moving average of $1,817.82 and a 200-day simple moving average of $1,771.00. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last announced its 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. The firm had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The firm’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the prior year, the firm earned $10.31 EPS. Equities research analysts anticipate that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

MercadoLibre Company Profile

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.