Capstone Investment Advisors LLC Purchases Shares of 1,010 MercadoLibre, Inc. $MELI

Capstone Investment Advisors LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,010 shares of the company’s stock, valued at approximately $1,714,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in MercadoLibre in the fourth quarter worth approximately $26,000. Purpose Unlimited Inc. purchased a new position in MercadoLibre in the fourth quarter worth approximately $28,000. Wedbush Fund Advisers LLC acquired a new position in MercadoLibre during the 2nd quarter worth approximately $29,000. Finally, Darwin Wealth Management LLC acquired a new position in MercadoLibre during the 2nd quarter worth approximately $29,000. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Down 1.0%

MELI stock opened at $1,930.75 on Friday. 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, Inc. has a twelve month low of $1,495.00 and a twelve month high of $2,548.50. The company’s 50 day moving average is $1,817.82 and its two-hundred day moving average is $1,771.00. The stock has a market cap of $97.88 billion, a P/E ratio of 52.51, a PEG ratio of 1.34 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data 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 net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the previous year, the firm earned $10.31 EPS. The company’s revenue was up 49.8% compared to the same quarter last year. Research analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of MercadoLibre in a report on Thursday, July 2nd. Benchmark lowered their target price on shares of MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Cantor Fitzgerald increased their target price on MercadoLibre from $2,150.00 to $2,300.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. BTIG Research reissued a “buy” rating and issued a $2,150.00 target price on shares of MercadoLibre in a report on Thursday, August 6th. Finally, Scotiabank cut their price target on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre currently has a consensus rating of “Moderate Buy” and an average price target of $2,272.00.

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.