Cypress Asset Management Inc. TX Acquires 153 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Cypress Asset Management Inc. TX grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,952 shares of the company’s stock after acquiring an additional 153 shares during the quarter. MercadoLibre accounts for 1.6% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 17th largest holding. Cypress Asset Management Inc. TX’s holdings in MercadoLibre were worth $5,989,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. O Dell Group LLC boosted its holdings in MercadoLibre by 2.1% during the first quarter. O Dell Group LLC now owns 294 shares of the company’s stock worth $445,000 after buying an additional 6 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in MercadoLibre by 1.8% during the fourth quarter. Wealthspire Advisors LLC now owns 391 shares of the company’s stock worth $614,000 after buying an additional 7 shares during the last quarter. Independent Advisor Alliance boosted its holdings in MercadoLibre by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 586 shares of the company’s stock worth $921,000 after buying an additional 7 shares during the last quarter. Vestor Capital LLC boosted its holdings in MercadoLibre by 10.0% during the fourth quarter. Vestor Capital LLC now owns 88 shares of the company’s stock worth $138,000 after buying an additional 8 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in MercadoLibre by 56.3% during the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after buying an additional 9 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on MercadoLibre from $1,900.00 to $1,800.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. Wedbush reiterated an “outperform” rating and set a $1,800.00 price objective on shares of MercadoLibre in a report on Friday, May 3rd. BTIG Research lifted their price objective on MercadoLibre from $1,885.00 to $2,025.00 and gave the company a “buy” rating in a report on Friday. Finally, New Street Research cut MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,944.17.

MercadoLibre Stock Up 10.6 %

NASDAQ MELI traded up $170.08 during trading on Friday, hitting $1,776.14. The stock had a trading volume of 958,293 shares, compared to its average volume of 299,322. The company has a market capitalization of $90.05 billion, a PE ratio of 79.47, a P/E/G ratio of 1.13 and a beta of 1.60. The company’s 50-day moving average price is $1,647.02 and its two-hundred day moving average price is $1,620.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.27. MercadoLibre, Inc. has a 12 month low of $1,141.04 and a 12 month high of $1,825.00.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Thursday, August 1st. The company reported $10.48 EPS for the quarter, beating the consensus estimate of $8.72 by $1.76. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. MercadoLibre had a return on equity of 45.61% and a net margin of 8.03%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.16 EPS. As a group, sell-side analysts forecast that MercadoLibre, Inc. will post 33.4 EPS for the current year.

MercadoLibre 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.