Evelyn Partners Investment Management LLP Acquires 49 Shares of MercadoLibre, Inc. $MELI

Evelyn Partners Investment Management LLP increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 25.3% in the second quarter, HoldingsChannel reports. The firm owned 243 shares of the company’s stock after purchasing an additional 49 shares during the period. Evelyn Partners Investment Management LLP’s holdings in MercadoLibre were worth $635,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MELI. Optimize Financial Inc increased its holdings in shares of MercadoLibre by 1.7% during the 1st quarter. Optimize Financial Inc now owns 238 shares of the company’s stock valued at $464,000 after acquiring an additional 4 shares during the last quarter. Range Financial Group LLC grew its holdings in MercadoLibre by 2.7% during the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after purchasing an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of MercadoLibre by 26.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock worth $63,000 after buying an additional 5 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of MercadoLibre by 37.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock worth $43,000 after buying an additional 6 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of MercadoLibre by 14.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 47 shares of the company’s stock worth $96,000 after buying an additional 6 shares during the period. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Price Performance

NASDAQ:MELI opened at $1,951.78 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The company has a 50-day moving average of $2,222.62 and a 200-day moving average of $2,362.43. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The company has a market capitalization of $98.95 billion, a price-to-earnings ratio of 47.63, a PEG ratio of 1.56 and a beta of 1.51.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the company earned $7.83 earnings per share. The business’s revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Susquehanna lowered their price target on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Jefferies Financial Group reissued a “hold” rating and set a $2,800.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their target price on MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and an average target price of $2,854.71.

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.