Chicago Capital LLC Has $5.92 Million Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Chicago Capital LLC boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,602 shares of the company’s stock after buying an additional 15 shares during the quarter. Chicago Capital LLC’s holdings in MercadoLibre were worth $5,920,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. First PREMIER Bank acquired a new position in shares of MercadoLibre in the 1st quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in MercadoLibre by 1,600.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock worth $28,000 after buying an additional 16 shares during the period. DSM Capital Partners LLC acquired a new stake in MercadoLibre during the 4th quarter worth $36,000. Scarborough Advisors LLC acquired a new stake in MercadoLibre during the 4th quarter worth $36,000. Finally, Financial Connections Group Inc. acquired a new stake in MercadoLibre during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MELI stock traded down $52.13 during mid-day trading on Friday, hitting $1,986.05. 304,456 shares of the company were exchanged, compared to its average volume of 360,635. The business has a 50 day simple moving average of $1,814.44 and a 200-day simple moving average of $1,660.11. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $100.69 billion, a PE ratio of 88.86, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. MercadoLibre, Inc. has a 1-year low of $1,141.04 and a 1-year high of $2,064.76.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.53 by $1.95. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $5.16 earnings per share. On average, equities analysts forecast that MercadoLibre, Inc. will post 35.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BTIG Research raised their price objective on MercadoLibre from $2,025.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 11th. Cantor Fitzgerald started coverage on MercadoLibre in a report on Thursday. They issued an “overweight” rating and a $2,530.00 price objective for the company. Finally, New Street Research cut MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MercadoLibre currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,141.25.

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.