87 Shares in MercadoLibre, Inc. $MELI Purchased by JSF Financial LLC

JSF Financial LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 87 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors have also bought and sold shares of MELI. Ninety One North America Inc. increased its holdings in shares of MercadoLibre by 21.5% in the second quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after purchasing an additional 1,080 shares during the last quarter. Banco Santander S.A. grew its holdings in MercadoLibre by 221.9% in the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company’s stock valued at $5,357,000 after buying an additional 1,893 shares in the last quarter. Stratos Investment Management LLC purchased a new stake in MercadoLibre in the 1st quarter valued at $203,000. Bosman Wealth Management LLC grew its holdings in MercadoLibre by 88.5% in the 2nd quarter. Bosman Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $2,616,000 after buying an additional 470 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in MercadoLibre in the 1st quarter valued at $439,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MELI opened at $2,172.75 on Friday. The stock has a 50-day simple moving average of $2,382.29 and a 200-day simple moving average of $2,343.55. The stock has a market capitalization of $110.16 billion, a PE ratio of 53.66, a PEG ratio of 1.44 and a beta of 1.46. MercadoLibre, Inc. has a 1 year low of $1,646.00 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI) last issued 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). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. During the same period last year, the business earned $10.48 EPS. The firm’s revenue was up 33.8% compared to the same quarter last year. On average, analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MELI has been the topic of several recent research reports. Susquehanna reissued a “positive” rating and set a $2,975.00 price target (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Cantor Fitzgerald lifted their target price on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MercadoLibre in a research note on Saturday, September 27th. Raymond James Financial restated a “strong-buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the stock an “outperform” rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,822.78.

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.