1,200 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Moon Capital Management LP

Moon Capital Management LP bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELIGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,200 shares of the company’s stock, valued at approximately $764,000. MercadoLibre accounts for about 0.9% of Moon Capital Management LP’s investment portfolio, making the stock its 12th largest holding.

Several other large investors have also modified their holdings of the business. FinTrust Capital Advisors LLC boosted its stake in shares of MercadoLibre by 120.0% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 33 shares of the company’s stock valued at $25,000 after buying an additional 18 shares during the period. Prospera Financial Services Inc purchased a new stake in MercadoLibre in the 1st quarter valued at $31,000. San Luis Wealth Advisors LLC purchased a new position in shares of MercadoLibre during the first quarter worth about $31,000. Glassman Wealth Services raised its stake in shares of MercadoLibre by 127.3% during the second quarter. Glassman Wealth Services now owns 50 shares of the company’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of MercadoLibre in the 1st quarter worth $38,000. Institutional investors and hedge funds own 89.00% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on MercadoLibre from $1,300.00 to $1,350.00 in a report on Monday, August 8th. StockNews.com started coverage on shares of MercadoLibre in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays decreased their price objective on shares of MercadoLibre from $1,500.00 to $1,250.00 and set an “overweight” rating for the company in a report on Thursday, August 4th. Credit Suisse Group decreased their target price on shares of MercadoLibre from $1,470.00 to $1,400.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. Finally, Citigroup cut their price objective on MercadoLibre from $1,150.00 to $1,050.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,317.00.

MercadoLibre Stock Performance

NASDAQ:MELI traded up $5.27 during trading hours on Thursday, reaching $962.43. The company had a trading volume of 387,319 shares, compared to its average volume of 711,273. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.34 and a quick ratio of 1.31. The firm has a market cap of $48.40 billion, a PE ratio of 179.22 and a beta of 1.56. MercadoLibre, Inc. has a 1-year low of $600.68 and a 1-year high of $1,365.97. The business’s 50 day moving average price is $888.10 and its 200-day moving average price is $833.15.

MercadoLibre (NASDAQ:MELIGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.31 by $0.25. MercadoLibre had a return on equity of 17.11% and a net margin of 2.80%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The firm’s revenue was up 41.6% compared to the same quarter last year. Research analysts forecast that MercadoLibre, Inc. will post 8.16 EPS for the current year.

MercadoLibre Company Profile

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MercadoLibre, Inc operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; 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.

See Also

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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