225 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the first quarter, Holdings Channel reports. The firm purchased 225 shares of the company’s stock, valued at approximately $439,000. MercadoLibre makes up approximately 0.9% of Ground Swell Capital LLC’s holdings, making the stock its 27th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Key Financial Inc acquired a new stake in shares of MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC bought a new position in MercadoLibre during the 1st quarter worth $25,000. Park Square Financial Group LLC bought a new position in MercadoLibre during the 4th quarter worth $26,000. Covestor Ltd bought a new position in shares of MercadoLibre in the 4th quarter worth about $27,000. Finally, Close Asset Management Ltd raised its position in shares of MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MELI. The Goldman Sachs Group lifted their price objective on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $2,700.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a research note on Thursday, May 1st. Daiwa Capital Markets assumed coverage on MercadoLibre in a research note on Friday, August 1st. They issued a “buy” rating and a $3,000.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on MercadoLibre from $2,600.00 to $2,700.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus price target of $2,795.00.

MercadoLibre Trading Down 1.0%

MercadoLibre stock opened at $2,327.30 on Thursday. The stock has a market cap of $117.99 billion, a P/E ratio of 57.48, a PEG ratio of 1.49 and a beta of 1.46. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The firm’s fifty day moving average price is $2,421.61 and its 200-day moving average price is $2,252.11. 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 released its quarterly 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). The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the previous year, the company posted $10.48 EPS. Equities research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.