V Square Quantitative Management LLC Has $2.63 Million Stock Position in MercadoLibre, Inc. $MELI

V Square Quantitative Management LLC reduced its position in MercadoLibre, Inc. (NASDAQ:MELI) by 1.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,007 shares of the company’s stock after selling 10 shares during the period. V Square Quantitative Management LLC’s holdings in MercadoLibre were worth $2,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Walker Asset Management LLC acquired a new stake in shares of MercadoLibre in the 2nd quarter valued at $217,000. Moody Lynn & Lieberson LLC bought a new position in shares of MercadoLibre in the 2nd quarter worth $227,000. Overbrook Management Corp bought a new position in shares of MercadoLibre in the 2nd quarter worth $14,631,000. Smith Salley Wealth Management boosted its position in shares of MercadoLibre by 6.7% in the 2nd quarter. Smith Salley Wealth Management now owns 1,633 shares of the company’s stock worth $4,268,000 after purchasing an additional 102 shares during the last quarter. Finally, Tritonpoint Wealth LLC bought a new position in shares of MercadoLibre in the 2nd quarter worth $233,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MELI has been the topic of several recent research reports. UBS Group set a $3,000.00 price target on MercadoLibre in a research report on Monday, June 2nd. Wall Street Zen lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Wedbush set a $2,700.00 price target on MercadoLibre and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Susquehanna restated a “positive” rating and issued a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $2,800.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,828.33.

MercadoLibre Stock Performance

MELI stock opened at $2,468.42 on Monday. The business’s 50-day moving average price is $2,391.84 and its two-hundred day moving average price is $2,337.29. 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 firm has a market cap of $125.15 billion, a PE ratio of 60.96, a P/E/G ratio of 1.61 and a beta of 1.49. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

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

MercadoLibre Company 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.