SWS Partners Has $2.92 Million Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

SWS Partners lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,422 shares of the company’s stock after selling 155 shares during the period. SWS Partners’ holdings in MercadoLibre were worth $2,918,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MELI. Integrated Advisors Network LLC grew its stake in MercadoLibre by 10.7% in the fourth quarter. Integrated Advisors Network LLC now owns 300 shares of the company’s stock valued at $471,000 after acquiring an additional 29 shares during the period. American International Group Inc. grew its stake in MercadoLibre by 2.9% in the fourth quarter. American International Group Inc. now owns 3,513 shares of the company’s stock valued at $5,521,000 after acquiring an additional 100 shares during the period. Scarborough Advisors LLC acquired a new stake in MercadoLibre in the fourth quarter valued at approximately $36,000. Vanguard Group Inc. grew its stake in MercadoLibre by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 182,392 shares of the company’s stock valued at $286,636,000 after acquiring an additional 3,577 shares during the period. Finally, Leo Wealth LLC acquired a new stake in MercadoLibre in the fourth quarter valued at approximately $490,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Down 1.2 %

Shares of MELI stock traded down $25.96 during midday trading on Tuesday, reaching $2,054.00. 141,025 shares of the stock were exchanged, compared to its average volume of 350,954. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. The firm has a market cap of $104.13 billion, a PE ratio of 92.24, a price-to-earnings-growth ratio of 1.25 and a beta of 1.61. The company’s 50 day moving average is $2,018.64 and its two-hundred day moving average is $1,750.46. MercadoLibre, Inc. has a 1 year low of $1,141.04 and a 1 year high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping the consensus estimate of $8.53 by $1.95. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 EPS. On average, equities research analysts predict that MercadoLibre, Inc. will post 37.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MELI. Cantor Fitzgerald restated an “overweight” rating and issued a $2,530.00 target price on shares of MercadoLibre in a report on Monday, October 7th. JPMorgan Chase & Co. lowered MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 price target on the stock. in a report on Wednesday, October 2nd. Citigroup boosted their target price on MercadoLibre from $2,000.00 to $2,200.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. BTIG Research boosted their target price on MercadoLibre from $2,025.00 to $2,250.00 and gave the company a “buy” rating in a research note on Wednesday, August 21st. Finally, Susquehanna boosted their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2,283.00.

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.