Clear Creek Financial Management LLC Purchases 33 Shares of MercadoLibre, Inc. $MELI

Clear Creek Financial Management LLC lifted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 30.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142 shares of the company’s stock after purchasing an additional 33 shares during the period. Clear Creek Financial Management LLC’s holdings in MercadoLibre were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Key Financial Inc acquired a new stake in MercadoLibre during the first quarter worth approximately $25,000. GW&K Investment Management LLC acquired a new stake in MercadoLibre during the first quarter worth approximately $25,000. Close Asset Management Ltd grew its position in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after buying an additional 11 shares in the last quarter. Highline Wealth Partners LLC grew its position in MercadoLibre by 366.7% during the second quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock worth $37,000 after buying an additional 11 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after buying an additional 13 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and set a $2,800.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Scotiabank assumed coverage on MercadoLibre in a research report on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $2,750.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their target price on MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,815.29.

MercadoLibre Trading Down 6.2%

NASDAQ MELI opened at $2,133.67 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The company has a market cap of $108.17 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. The business’s fifty day moving average is $2,363.50 and its 200 day moving average is $2,346.09.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data 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). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period last year, the business earned $10.48 EPS. The company’s revenue was up 33.8% compared to the same quarter last year. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal 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.