Cwm LLC Purchases 88 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Cwm LLC raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 913 shares of the company’s stock after buying an additional 88 shares during the period. Cwm LLC’s holdings in MercadoLibre were worth $1,781,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG purchased a new position in shares of MercadoLibre during the 4th quarter valued at $561,000. Parallel Advisors LLC grew its stake in MercadoLibre by 9.7% in the 4th quarter. Parallel Advisors LLC now owns 215 shares of the company’s stock worth $366,000 after acquiring an additional 19 shares in the last quarter. Whittier Trust Co. lifted its position in shares of MercadoLibre by 23.3% in the 4th quarter. Whittier Trust Co. now owns 1,607 shares of the company’s stock worth $2,733,000 after purchasing an additional 304 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of MercadoLibre by 25.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 839 shares of the company’s stock worth $1,427,000 after purchasing an additional 171 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of MercadoLibre by 32.0% in the 4th quarter. TD Private Client Wealth LLC now owns 66 shares of the company’s stock worth $112,000 after purchasing an additional 16 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of MELI stock opened at $2,413.57 on Friday. MercadoLibre, Inc. has a twelve month low of $1,579.78 and a twelve month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $122.37 billion, a PE ratio of 59.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The firm has a fifty day simple moving average of $2,492.77 and a 200-day simple moving average of $2,184.50.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $9.74 EPS for the quarter, topping the consensus estimate of $7.82 by $1.92. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.55 billion. MercadoLibre had a net margin of 9.21% and a return on equity of 48.46%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period last year, the company posted $6.78 earnings per share. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MELI shares. Morgan Stanley reiterated an “overweight” rating on shares of MercadoLibre in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Cantor Fitzgerald cut their price target on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an “overweight” rating for the company in a report on Wednesday, June 11th. The Goldman Sachs Group raised their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Finally, Barclays raised their target price on shares of MercadoLibre from $2,500.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,645.94.

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.