Cwm LLC Boosts Stock Position in MercadoLibre, Inc. (NASDAQ:MELI)

Cwm LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,071 shares of the company’s stock after buying an additional 159 shares during the quarter. Cwm LLC’s holdings in MercadoLibre were worth $1,683,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MELI. Synergy Financial Group LTD grew its holdings in shares of MercadoLibre by 0.5% during the third quarter. Synergy Financial Group LTD now owns 1,601 shares of the company’s stock valued at $2,030,000 after buying an additional 8 shares during the last quarter. Gateway Advisory LLC boosted its stake in MercadoLibre by 1.9% during the 3rd quarter. Gateway Advisory LLC now owns 430 shares of the company’s stock valued at $545,000 after purchasing an additional 8 shares during the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of MercadoLibre by 6.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 138 shares of the company’s stock worth $217,000 after purchasing an additional 8 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of MercadoLibre by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 37 shares of the company’s stock worth $47,000 after purchasing an additional 9 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of MercadoLibre by 56.3% in the fourth quarter. Blue Trust Inc. now owns 25 shares of the company’s stock worth $39,000 after purchasing an additional 9 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Up 3.1 %

MELI stock opened at $1,406.00 on Friday. The business’s 50-day moving average price is $1,523.37 and its 200-day moving average price is $1,528.68. The stock has a market cap of $71.28 billion, a P/E ratio of 71.96, a PEG ratio of 0.91 and a beta of 1.44. MercadoLibre, Inc. has a twelve month low of $1,063.02 and a twelve month high of $1,825.00. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.25 earnings per share for the quarter, missing analysts’ consensus estimates of $6.66 by ($3.41). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.14 billion. MercadoLibre had a return on equity of 39.07% and a net margin of 6.82%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.25 earnings per share. On average, equities research analysts forecast that MercadoLibre, Inc. will post 34.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MELI shares. DZ Bank upgraded MercadoLibre from a “hold” rating to a “buy” rating and set a $1,685.00 price objective for the company in a report on Tuesday. Wedbush reduced their price target on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “outperform” rating for the company in a research note on Wednesday. Susquehanna increased their price objective on shares of MercadoLibre from $1,850.00 to $2,000.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Barclays cut their target price on shares of MercadoLibre from $2,000.00 to $1,800.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,000.00 to $2,150.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,790.36.

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.