Capital Fund Management S.A. Boosts Stock Holdings in MercadoLibre, Inc. $MELI

Capital Fund Management S.A. boosted its position in MercadoLibre, Inc. (NASDAQ:MELI) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,316 shares of the company’s stock after purchasing an additional 1,145 shares during the period. Capital Fund Management S.A.’s holdings in MercadoLibre were worth $40,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC raised its stake in shares of MercadoLibre by 366.7% during the 2nd 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. Brooklyn Investment Group grew its holdings 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 acquiring an additional 13 shares during the period. Twin Tree Management LP acquired a new position in MercadoLibre during the first quarter worth $29,000. Curio Wealth LLC raised its position in MercadoLibre by 1,400.0% in the second quarter. Curio Wealth LLC now owns 15 shares of the company’s stock worth $39,000 after acquiring an additional 14 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in MercadoLibre in the second quarter valued at $39,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Down 1.1%

Shares of NASDAQ MELI opened at $2,033.32 on Friday. The firm’s 50-day moving average is $2,192.26 and its two-hundred day moving average is $2,353.92. The company has a market capitalization of $103.08 billion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.51. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the firm earned $7.83 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

MELI has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research note on Monday. Susquehanna dropped 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 report on Monday, October 13th. Wedbush lifted their price target on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Benchmark lowered their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Cantor Fitzgerald dropped their price objective on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,848.82.

About MercadoLibre

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.