Juncture Wealth Strategies LLC Has $835,000 Stock Holdings in MercadoLibre, Inc. (NASDAQ:MELI)

Juncture Wealth Strategies LLC lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 22.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 407 shares of the company’s stock after buying an additional 74 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in MercadoLibre were worth $835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sarasin & Partners LLP grew its position in shares of MercadoLibre by 42.8% in the 3rd quarter. Sarasin & Partners LLP now owns 64,854 shares of the company’s stock valued at $133,078,000 after purchasing an additional 19,447 shares during the period. Tobam grew its position in shares of MercadoLibre by 97.8% in the 3rd quarter. Tobam now owns 91 shares of the company’s stock valued at $187,000 after purchasing an additional 45 shares during the period. Strategic Advisors LLC lifted its stake in MercadoLibre by 123.0% in the 3rd quarter. Strategic Advisors LLC now owns 495 shares of the company’s stock valued at $1,016,000 after acquiring an additional 273 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in MercadoLibre by 2.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 321 shares of the company’s stock valued at $658,000 after acquiring an additional 9 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in MercadoLibre by 94.9% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 456 shares of the company’s stock valued at $936,000 after acquiring an additional 222 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Up 2.5 %

MELI stock opened at $2,091.16 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26. The stock has a market capitalization of $106.02 billion, a price-to-earnings ratio of 93.56, a PEG ratio of 1.25 and a beta of 1.61. The business’s fifty day moving average price is $2,012.56 and its two-hundred day moving average price is $1,743.46. MercadoLibre, Inc. has a fifty-two week low of $1,141.04 and a fifty-two week high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share for the quarter, topping the consensus estimate of $8.53 by $1.95. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The company’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the business earned $5.16 EPS. On average, equities analysts anticipate that MercadoLibre, Inc. will post 37.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. StockNews.com cut MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Susquehanna boosted their target price on MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 target price on the stock. in a research note on Wednesday, October 2nd. Barclays boosted their target price on MercadoLibre from $2,100.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Redburn Atlantic assumed coverage on MercadoLibre in a research note on Friday. They set a “buy” rating and a $2,800.00 price objective on the stock. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,283.00.

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.