Livingston Group Asset Management CO operating as Southport Capital Management Has $345,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)


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Livingston Group Asset Management CO operating as Southport Capital Management increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206 shares of the company’s stock after purchasing an additional 8 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in MercadoLibre were worth $345,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd raised its position in MercadoLibre by 86.7% in the third quarter. Altshuler Shaham Ltd now owns 28 shares of the company’s stock worth $30,000 after purchasing an additional 13 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in MercadoLibre in the third quarter worth about $32,000. James Investment Research Inc. bought a new stake in MercadoLibre during the third quarter worth about $38,000. CWM LLC grew its stake in MercadoLibre by 104.8% during the third quarter. CWM LLC now owns 43 shares of the company’s stock worth $47,000 after buying an additional 22 shares during the last quarter. Finally, Institutional & Family Asset Management LLC grew its stake in MercadoLibre by 780.0% during the third quarter. Institutional & Family Asset Management LLC now owns 44 shares of the company’s stock worth $48,000 after buying an additional 39 shares during the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ MELI opened at $1,798.19 on Thursday. The company’s 50 day simple moving average is $1,636.80 and its 200 day simple moving average is $1,272.88. MercadoLibre, Inc. has a fifty-two week low of $422.22 and a fifty-two week high of $1,845.25. The firm has a market capitalization of $89.68 billion, a P/E ratio of -11,237.99 and a beta of 1.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.64 and a quick ratio of 1.62.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.20. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $984.75 million. MercadoLibre had a negative net margin of 0.12% and a negative return on equity of 0.22%. MercadoLibre’s revenue was up 85.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.96) earnings per share. Sell-side analysts expect that MercadoLibre, Inc. will post 1.45 EPS for the current fiscal year.

MELI has been the topic of several research analyst reports. ValuEngine cut shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Tuesday, December 1st. New Street Research started coverage on shares of MercadoLibre in a research note on Monday, October 19th. They set a “buy” rating and a $1,450.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of MercadoLibre from $1,500.00 to $1,530.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Credit Suisse Group decreased their price target on shares of MercadoLibre from $1,484.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 3rd. Finally, UBS Group increased their price target on shares of MercadoLibre from $1,400.00 to $1,530.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $1,335.35.

MercadoLibre Profile

MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, 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, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale.

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Institutional Ownership by Quarter for MercadoLibre (NASDAQ:MELI)

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