Capital Advisors Inc. OK decreased its holdings in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 1.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 25,947 shares of the company’s stock after selling 299 shares during the period. Capital Advisors Inc. OK’s holdings in MercadoLibre were worth $44,042,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cornerstone Select Advisors LLC lifted its holdings in MercadoLibre by 2.9% during the 4th quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock worth $355,000 after buying an additional 5 shares during the period. Mitchell Capital Management Co. increased its stake in shares of MercadoLibre by 0.4% in the fourth quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock valued at $2,542,000 after buying an additional 5 shares during the period. Strategic Advisors LLC increased its stake in shares of MercadoLibre by 0.4% in the fourth quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock valued at $2,564,000 after buying an additional 5 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in shares of MercadoLibre by 2.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock worth $605,000 after acquiring an additional 5 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its position in shares of MercadoLibre by 2.7% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 229 shares of the company’s stock worth $461,000 after acquiring an additional 6 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
MercadoLibre Stock Performance
MELI stock opened at $1,966.25 on Friday. The stock has a 50-day moving average price of $1,824.45 and a 200-day moving average price of $1,772.36. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market cap of $99.69 billion, a PE ratio of 53.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.34.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on MELI shares. Cantor Fitzgerald lifted their price objective on MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. BTIG Research reissued a “buy” rating and set a $2,150.00 target price on shares of MercadoLibre in a research report on Thursday, August 6th. UBS Group lowered their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,272.00.
Get Our Latest Stock Analysis on MELI
MercadoLibre Profile
MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.
Key offerings include its marketplace platform and a suite of logistics and payment services.
Recommended Stories
- Five stocks we like better than MercadoLibre
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Want to see what other hedge funds are holding MELI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MercadoLibre, Inc. (NASDAQ:MELI – Free Report).
Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.
