CreativeOne Wealth LLC Purchases 75 Shares of MercadoLibre, Inc. $MELI

CreativeOne Wealth LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI) by 59.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202 shares of the company’s stock after purchasing an additional 75 shares during the period. CreativeOne Wealth LLC’s holdings in MercadoLibre were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MELI. Optimize Financial Inc raised its holdings in MercadoLibre by 1.7% during the first quarter. Optimize Financial Inc now owns 238 shares of the company’s stock worth $464,000 after buying an additional 4 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of MercadoLibre by 2.7% during the second quarter. Range Financial Group LLC now owns 188 shares of the company’s stock valued at $491,000 after buying an additional 5 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of MercadoLibre by 26.3% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 24 shares of the company’s stock valued at $63,000 after buying an additional 5 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of MercadoLibre by 37.5% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 22 shares of the company’s stock worth $43,000 after acquiring an additional 6 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of MercadoLibre by 14.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 47 shares of the company’s stock worth $96,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on MELI. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $2,600.00 to $2,650.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. BTIG Research reissued a “buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research note on Friday, November 14th. Susquehanna cut their target price on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. Morgan Stanley upped their price target on MercadoLibre from $2,850.00 to $2,950.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Barclays increased their price target on MercadoLibre from $2,800.00 to $2,900.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, MercadoLibre currently has an average rating of “Moderate Buy” and an average price target of $2,848.82.

MercadoLibre Trading Up 2.4%

NASDAQ:MELI opened at $2,082.00 on Friday. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $2,184.85 and its 200 day moving average is $2,349.84. The stock has a market capitalization of $105.55 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.51.

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