NewSquare Capital LLC Increases Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

NewSquare Capital LLC boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 98,400.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,970 shares of the company’s stock after buying an additional 1,968 shares during the quarter. NewSquare Capital LLC’s holdings in MercadoLibre were worth $3,096,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Synergy Financial Group LTD boosted its position in MercadoLibre by 0.5% during the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock worth $2,030,000 after purchasing an additional 8 shares during the period. Gateway Advisory LLC lifted its position in MercadoLibre by 1.9% during the third quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock worth $545,000 after acquiring an additional 8 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of MercadoLibre by 6.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after acquiring an additional 8 shares during the period. Catalyst Capital Advisors LLC grew its position in shares of MercadoLibre by 32.1% in the third quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock valued at $47,000 after purchasing an additional 9 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after purchasing an additional 9 shares during the period. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI traded down $25.58 during trading on Wednesday, hitting $1,369.42. The stock had a trading volume of 130,994 shares, compared to its average volume of 384,205. The stock has a 50-day simple moving average of $1,546.31 and a two-hundred day simple moving average of $1,529.78. The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 71.39, a price-to-earnings-growth ratio of 0.88 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. MercadoLibre, Inc. has a 12-month low of $1,063.02 and a 12-month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Thursday, February 22nd. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $6.66 by ($3.41). The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.25 EPS. On average, equities research analysts expect that MercadoLibre, Inc. will post 35.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wedbush reduced their target price on MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays cut their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. UBS Group cut their price target on shares of MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. StockNews.com downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup lowered their target price on MercadoLibre from $1,990.00 to $1,940.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,790.36.

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.