MercadoLibre, Inc. (NASDAQ:MELI) Stake Boosted by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 819 shares of the company’s stock after purchasing an additional 65 shares during the quarter. V Square Quantitative Management LLC’s holdings in MercadoLibre were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MELI. First PREMIER Bank bought a new position in shares of MercadoLibre in the first quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. grew its position in MercadoLibre by 1,600.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock valued at $28,000 after buying an additional 16 shares in the last quarter. Optimum Investment Advisors grew its position in MercadoLibre by 750.0% in the 3rd quarter. Optimum Investment Advisors now owns 17 shares of the company’s stock valued at $35,000 after buying an additional 15 shares in the last quarter. Financial Connections Group Inc. acquired a new position in MercadoLibre during the 2nd quarter valued at about $36,000. Finally, Quarry LP bought a new stake in shares of MercadoLibre during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup raised their price objective on shares of MercadoLibre from $2,000.00 to $2,200.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Redburn Atlantic assumed coverage on MercadoLibre in a report on Friday, October 11th. They issued a “buy” rating and a $2,800.00 price objective for the company. Raymond James started coverage on MercadoLibre in a report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 target price on the stock. Finally, Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average target price of $2,283.00.

MercadoLibre Stock Down 0.6 %

NASDAQ MELI traded down $11.66 during trading hours on Friday, hitting $2,054.21. 23,947 shares of the company traded hands, compared to its average volume of 348,964. The stock has a market capitalization of $104.14 billion, a price-to-earnings ratio of 92.43, a P/E/G ratio of 1.25 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. MercadoLibre, Inc. has a twelve month low of $1,141.04 and a twelve month high of $2,161.73. The business’s 50-day moving average is $2,030.77 and its 200-day moving average is $1,758.33.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. MercadoLibre’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.16 EPS. Sell-side analysts anticipate that MercadoLibre, Inc. will post 37.55 earnings per share for the current year.

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.