<div id="readability-page-1"><p>Smith Salley Wealth Management grew its stake in shares of  MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,633 shares of the company's stock after acquiring an additional 102 shares during the quarter. Smith Salley Wealth Management's holdings in MercadoLibre were worth $4,268,000 as of its most recent SEC filing.</p><ul><li>3 Emerging Stocks You Haven't Heard Much From This Cycle</li></ul><p>Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC bought a new position in shares of  MercadoLibre during the second quarter valued at $233,000.  Ariose Capital Management Ltd purchased a new stake in  MercadoLibre during the second quarter worth about $13,068,000.  TRU Independence Asset Management 2 LLC purchased a new stake in  MercadoLibre during the 2nd quarter valued at approximately $1,210,000.  Twelve Points Wealth Management LLC boosted its holdings in shares of  MercadoLibre by 14.0% during the second quarter. Twelve Points Wealth Management LLC now owns 301 shares of the company's stock worth $787,000 after purchasing an additional 37 shares during the last quarter.  Finally, Signaturefd LLC lifted its position in shares of  MercadoLibre by 26.8% during the second quarter. Signaturefd LLC now owns 326 shares of the company's stock worth $852,000 after purchasing an additional 69 shares during the last quarter. Institutional investors own  87.62% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>MELI has been the topic of a number of research reports. Barclays reduced their target price on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an &#34;overweight&#34; rating on the stock in a research report on Wednesday, July 23rd. Scotiabank started coverage on shares of MercadoLibre in a research report on Monday, July 28th. They set a &#34;sector outperform&#34; rating and a $3,500.00 price objective on the stock. Jefferies Financial Group  restated a &#34;hold&#34; rating and issued a $2,800.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. JPMorgan Chase &amp; Co. boosted their target price on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a &#34;neutral&#34; rating in a report on Thursday, August 7th. Finally, Raymond James Financial  reiterated a &#34;strong-buy&#34; rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. One investment analyst  has rated the stock with a Strong Buy rating, fourteen have issued  a Buy rating and two have assigned  a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $2,828.33.</p><ul><li>How The Weak Dollar Is Fueling These Global Stock Surges</li></ul><p><b>Read Our Latest Stock Analysis on MercadoLibre</b></p><h2>MercadoLibre Stock Performance</h2><p>Shares of MercadoLibre stock opened at $2,468.42 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The firm has a market capitalization of $125.15 billion, a P/E ratio of 60.96, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. The business's fifty day simple moving average is $2,391.84 and its 200 day simple moving average is $2,334.88. </p><ul><li>Is Coupang the Next MercadoLibre? A Playbook for Global Dominance</li></ul><p>MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.48 EPS.  As a group, analysts anticipate that  MercadoLibre, Inc. will post 43.96 EPS for the current year. </p><h2>About MercadoLibre</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than MercadoLibre</li><li>High Dividend REITs: Are They an Ideal Way to Diversify?</li><li>How IREN is Building an AI Powerhouse on a Bitcoin Foundation</li><li>Stock Dividend Cuts Happen Are You Ready?</li><li>3 Healthcare Stocks Using AI to Drive Growth</li><li>Options Trading - Understanding  Strike Price</li><li>Get Exposure to Millennials' Purchasing Power With This ETF</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVMSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TUVMSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in MercadoLibre Right Now?</h2><p>Before you consider MercadoLibre, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MercadoLibre wasn't on the list.</p><p>While MercadoLibre currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MELI

<p>Smith Salley Wealth Management increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 6.7% in Q2, acquiring 102 additional shares, bringing its total to 1,633 shares valued at $4.27 million. Other institutional investors also adjusted their stakes. Analyst ratings for MELI include a mix of strong buy and buy ratings, with a current average target price of $2,828.33. The stock opened at $2,468.42, with a market cap of $125.15 billion. The company reported Q2 earnings of $10.31 EPS, missing estimates, but revenue rose 33.8% year-over-year.</p>

Smith Salley Wealth Management Purchases 102 Shares of MercadoLibre, Inc. $MELI