Compound Planning Inc. Has $2.84 Million Stake in MercadoLibre, Inc. $MELI

Compound Planning Inc. increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 20.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,456 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Compound Planning Inc.’s holdings in MercadoLibre were worth $2,840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Key Financial Inc bought a new position in MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC acquired a new position in shares of MercadoLibre during the first quarter valued at $25,000. Park Square Financial Group LLC bought a new position in MercadoLibre in the fourth quarter valued at about $26,000. Close Asset Management Ltd boosted its holdings in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wedbush set a $2,700.00 target price on shares of MercadoLibre and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Citigroup cut their price objective on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $2,700.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,817.22.

MercadoLibre Price Performance

Shares of MELI opened at $2,430.62 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a 50 day simple moving average of $2,411.33 and a 200 day simple moving average of $2,273.82. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. The firm has a market capitalization of $123.23 billion, a PE ratio of 60.03, a P/E/G ratio of 1.52 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same quarter last year, the business posted $10.48 earnings per share. The business’s quarterly revenue was up 33.8% on a year-over-year basis. Sell-side analysts predict that MercadoLibre, Inc. will post 43.96 EPS 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.