Congress Park Capital LLC Has $9.32 Million Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Congress Park Capital LLC lessened its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,775 shares of the company’s stock after selling 189 shares during the period. MercadoLibre accounts for about 3.5% of Congress Park Capital LLC’s portfolio, making the stock its 7th biggest position. Congress Park Capital LLC’s holdings in MercadoLibre were worth $9,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of MELI. Advisor Resource Council bought a new stake in MercadoLibre during the first quarter worth about $486,000. Segment Wealth Management LLC acquired a new position in shares of MercadoLibre in the 1st quarter valued at approximately $1,553,000. Shelton Wealth Management LLC lifted its holdings in shares of MercadoLibre by 1.1% during the 1st quarter. Shelton Wealth Management LLC now owns 860 shares of the company’s stock worth $1,678,000 after acquiring an additional 9 shares during the period. Stableford Capital II LLC boosted its position in shares of MercadoLibre by 21.3% during the 1st quarter. Stableford Capital II LLC now owns 1,986 shares of the company’s stock worth $4,169,000 after acquiring an additional 349 shares in the last quarter. Finally, Alta Capital Management LLC increased its stake in MercadoLibre by 97.9% in the first quarter. Alta Capital Management LLC now owns 14,728 shares of the company’s stock valued at $28,732,000 after acquiring an additional 7,284 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,402.75 on Friday. The stock has a market capitalization of $121.82 billion, a PE ratio of 59.09, a P/E/G ratio of 1.34 and a beta of 1.51. MercadoLibre, Inc. has a 1 year low of $1,563.21 and a 1 year high of $2,635.88. The company’s 50 day simple moving average is $2,379.52 and its two-hundred day simple moving average is $2,085.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter last year, the company earned $6.78 earnings per share. Analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MELI. Morgan Stanley restated an “overweight” rating on shares of MercadoLibre in a research report on Thursday, May 1st. Citigroup reissued a “buy” rating on shares of MercadoLibre in a research note on Friday, June 6th. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $2,250.00 to $2,600.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. The Goldman Sachs Group lifted their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Finally, Cantor Fitzgerald cut their target price on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2,632.50.

MercadoLibre Company 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.