Clarity Capital Partners LLC Has $389,000 Position in MercadoLibre, Inc. $MELI

Clarity Capital Partners LLC lowered its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 36.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 149 shares of the company’s stock after selling 86 shares during the period. Clarity Capital Partners LLC’s holdings in MercadoLibre were worth $389,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Key Financial Inc acquired a new position in MercadoLibre in the first quarter worth about $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre in the first quarter worth about $25,000. Close Asset Management Ltd raised its position in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after purchasing an additional 11 shares in the last quarter. Brooklyn Investment Group raised its position in MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in MercadoLibre in the first quarter worth about $29,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Price Performance

MELI opened at $2,172.75 on Friday. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year 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. The company’s 50 day simple moving average is $2,382.29 and its 200-day simple moving average is $2,341.63. The stock has a market capitalization of $110.16 billion, a P/E ratio of 53.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.46.

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 net margin of 8.52% and a return on equity of 43.06%. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period last year, the company earned $10.48 earnings per share. MercadoLibre’s revenue for the quarter was up 33.8% compared to the same quarter last year. Sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Citigroup cut their target price on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Scotiabank assumed coverage on MercadoLibre in a research report on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 price target on the stock. Finally, Susquehanna reiterated a “positive” rating and issued a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,822.78.

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.