Capital Investment Advisory Services LLC Purchases 7 Shares of MercadoLibre, Inc. (NASDAQ:MELI)


Share on StockTwits

Capital Investment Advisory Services LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312 shares of the company’s stock after buying an additional 7 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in MercadoLibre were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MELI. Jennison Associates LLC grew its position in MercadoLibre by 19.6% during the third quarter. Jennison Associates LLC now owns 1,082,707 shares of the company’s stock valued at $1,172,009,000 after acquiring an additional 177,387 shares during the last quarter. Sands Capital Management LLC grew its holdings in shares of MercadoLibre by 30.5% during the 3rd quarter. Sands Capital Management LLC now owns 520,331 shares of the company’s stock valued at $563,248,000 after purchasing an additional 121,696 shares during the last quarter. Great West Life Assurance Co. Can raised its position in MercadoLibre by 479.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 143,913 shares of the company’s stock worth $26,970,000 after purchasing an additional 119,056 shares during the period. WCM Investment Management LLC raised its position in MercadoLibre by 3.8% in the 3rd quarter. WCM Investment Management LLC now owns 2,367,579 shares of the company’s stock worth $2,562,857,000 after purchasing an additional 87,645 shares during the period. Finally, Natixis lifted its stake in MercadoLibre by 7,093.6% in the third quarter. Natixis now owns 83,662 shares of the company’s stock worth $90,562,000 after purchasing an additional 82,499 shares during the last quarter. 80.60% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on MELI shares. UBS Group lifted their price objective on MercadoLibre from $1,400.00 to $1,530.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. HSBC lifted their price target on MercadoLibre from $1,800.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Tuesday, January 19th. JPMorgan Chase & Co. boosted their price objective on MercadoLibre from $1,370.00 to $1,640.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. New Street Research assumed coverage on shares of MercadoLibre in a report on Monday, October 19th. They issued a “buy” rating and a $1,450.00 target price on the stock. Finally, Santander raised shares of MercadoLibre from a “hold” rating to a “buy” rating and set a $1,980.00 target price on the stock in a research note on Tuesday, December 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,501.82.

NASDAQ:MELI opened at $1,807.74 on Wednesday. The company has a 50-day moving average price of $1,732.07 and a 200-day moving average price of $1,331.51. The stock has a market cap of $90.15 billion, a price-to-earnings ratio of -11,297.67 and a beta of 1.63. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.35. MercadoLibre, Inc. has a 12 month low of $422.22 and a 12 month high of $2,020.00.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.20. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $984.75 million. MercadoLibre had a negative net margin of 0.12% and a negative return on equity of 0.22%. MercadoLibre’s revenue was up 85.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.96) earnings per share. Equities analysts forecast that MercadoLibre, Inc. will post 1.08 EPS for the current fiscal year.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

Featured Article: How are Outstanding Shares Different from Authorized Shares?

Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI).

Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.