V Square Quantitative Management LLC Has $1.68 Million Stake in MercadoLibre, Inc. (NASDAQ:MELI)

V Square Quantitative Management LLC boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 819 shares of the company’s stock after buying an additional 65 shares during the quarter. V Square Quantitative Management LLC’s holdings in MercadoLibre were worth $1,681,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MELI. American International Group Inc. boosted its position in shares of MercadoLibre by 2.9% during the 4th quarter. American International Group Inc. now owns 3,513 shares of the company’s stock valued at $5,521,000 after purchasing an additional 100 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MercadoLibre by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 182,392 shares of the company’s stock valued at $286,636,000 after acquiring an additional 3,577 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of MercadoLibre by 118.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,841 shares of the company’s stock valued at $4,295,000 after acquiring an additional 1,538 shares during the period. Banque Cantonale Vaudoise boosted its stake in MercadoLibre by 62.8% during the first quarter. Banque Cantonale Vaudoise now owns 1,091 shares of the company’s stock worth $1,650,000 after acquiring an additional 421 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in MercadoLibre by 12.8% in the first quarter. Park Avenue Securities LLC now owns 1,705 shares of the company’s stock worth $2,578,000 after purchasing an additional 194 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

Shares of MELI stock traded down $11.66 during trading hours on Friday, reaching $2,054.21. 23,947 shares of the company traded hands, compared to its average volume of 348,964. The firm has a 50-day moving average price of $2,030.77 and a 200 day moving average price of $1,758.33. The company has a market cap of $104.14 billion, a P/E ratio of 92.43, a P/E/G ratio of 1.25 and a beta of 1.61. MercadoLibre, Inc. has a 12-month low of $1,141.04 and a 12-month high of $2,161.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. MercadoLibre’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 EPS. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 37.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

MELI has been the subject of several research reports. StockNews.com downgraded MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Cantor Fitzgerald restated an “overweight” rating and set a $2,530.00 price objective on shares of MercadoLibre in a report on Monday, October 7th. Redburn Atlantic assumed coverage on MercadoLibre in a research report on Friday, October 11th. They set a “buy” rating and a $2,800.00 target price on the stock. Dbs Bank raised shares of MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Finally, Raymond James started coverage on shares of MercadoLibre in a report on Friday, September 27th. They set an “outperform” rating and a $2,350.00 price objective on the stock. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,283.00.

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.