Liberty One Investment Management LLC Has $815,000 Stock Position in MercadoLibre, Inc. $MELI

Liberty One Investment Management LLC trimmed its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 13.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312 shares of the company’s stock after selling 50 shares during the period. Liberty One Investment Management LLC’s holdings in MercadoLibre were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Optimize Financial Inc grew its stake in MercadoLibre by 1.7% in the first quarter. Optimize Financial Inc now owns 238 shares of the company’s stock valued at $464,000 after purchasing an additional 4 shares in the last quarter. Range Financial Group LLC grew its stake in MercadoLibre by 2.7% in the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in MercadoLibre by 26.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock valued at $63,000 after purchasing an additional 5 shares in the last quarter. Forum Financial Management LP grew its stake in MercadoLibre by 3.1% in the first quarter. Forum Financial Management LP now owns 199 shares of the company’s stock valued at $388,000 after purchasing an additional 6 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in MercadoLibre by 37.5% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock valued at $43,000 after purchasing an additional 6 shares in the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Trading Up 3.8%

MercadoLibre stock opened at $2,102.11 on Tuesday. The business has a 50 day moving average price of $2,332.51 and a two-hundred day moving average price of $2,354.26. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The stock has a market cap of $106.57 billion, a price-to-earnings ratio of 51.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.57 billion. During the same period in the previous year, the company posted $10.48 earnings per share. The company’s quarterly revenue was up 33.8% on a year-over-year basis. As a group, equities analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MELI. Jefferies Financial Group restated a “hold” rating and issued a $2,800.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Benchmark restated a “buy” rating and issued a $2,875.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of MercadoLibre in a research note on Wednesday, October 8th. Finally, Susquehanna lowered their target price on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research note on Monday, October 13th. 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’s stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,810.88.

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.