MercadoLibre, Inc. $MELI Shares Acquired by ORG Partners LLC

ORG Partners LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 28.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67 shares of the company’s stock after purchasing an additional 15 shares during the period. ORG Partners LLC’s holdings in MercadoLibre were worth $168,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Key Financial Inc acquired a new stake in shares of MercadoLibre during the 1st quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new stake in MercadoLibre during the first quarter valued at $25,000. Close Asset Management Ltd increased its stake in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after buying an additional 13 shares during the period. Finally, Twin Tree Management LP acquired a new position in shares of MercadoLibre in the 1st quarter valued at about $29,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 1.0%

MercadoLibre stock opened at $2,468.42 on Monday. The stock has a market cap of $125.15 billion, a price-to-earnings ratio of 60.96, a PEG ratio of 1.61 and a beta of 1.49. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $2,391.84 and its two-hundred day moving average price is $2,337.29. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the business earned $10.48 earnings per share. On average, analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $2,800.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Susquehanna restated a “positive” rating and set a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Wall Street Zen downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Cantor Fitzgerald boosted their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,828.33.

About MercadoLibre

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.