Yousif Capital Management LLC Boosts Stock Position in MercadoLibre, Inc. $MELI

Yousif Capital Management LLC raised its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 6.0% during the second quarter, HoldingsChannel.com reports. The firm owned 142 shares of the company’s stock after buying an additional 8 shares during the period. Yousif Capital Management LLC’s holdings in MercadoLibre were worth $371,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MELI. Bison Wealth LLC bought a new position in MercadoLibre during the 4th quarter valued at $206,000. Cambridge Investment Research Advisors Inc. grew its stake in MercadoLibre by 16.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,609 shares of the company’s stock worth $8,992,000 after purchasing an additional 659 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in MercadoLibre by 4.5% in the first quarter. Oppenheimer & Co. Inc. now owns 1,431 shares of the company’s stock worth $2,792,000 after purchasing an additional 62 shares in the last quarter. International Assets Investment Management LLC increased its holdings in MercadoLibre by 21.5% in the first quarter. International Assets Investment Management LLC now owns 158 shares of the company’s stock valued at $308,000 after buying an additional 28 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in MercadoLibre by 47.4% during the first quarter. Golden State Wealth Management LLC now owns 56 shares of the company’s stock valued at $109,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,148.32 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The firm has a market capitalization of $108.92 billion, a PE ratio of 53.06, a P/E/G ratio of 1.41 and a beta of 1.46. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The business’s fifty day moving average price is $2,320.26 and its two-hundred day moving average price is $2,353.45.

MercadoLibre (NASDAQ:MELI) last released its quarterly 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 firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter in the prior year, the company posted $10.48 EPS. The firm’s revenue was up 33.8% on a year-over-year basis. On average, research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MELI shares. Jefferies Financial Group reaffirmed a “hold” rating and set a $2,800.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Raymond James Financial restated a “strong-buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Wednesday, September 24th. Susquehanna lowered their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. Finally, Scotiabank started coverage on shares of MercadoLibre in a research report on Monday, July 28th. They issued a “sector outperform” rating and a $3,500.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,799.12.

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.