MASTERINVEST Kapitalanlage GmbH Buys New Holdings in MercadoLibre, Inc. $MELI

MASTERINVEST Kapitalanlage GmbH purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,029 shares of the company’s stock, valued at approximately $3,444,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MELI. Bison Wealth LLC purchased a new position in shares of MercadoLibre during the fourth quarter worth $206,000. Empowered Funds LLC boosted its holdings in MercadoLibre by 6.9% in the first quarter. Empowered Funds LLC now owns 760 shares of the company’s stock valued at $1,483,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth boosted its holdings in MercadoLibre by 42.0% in the first quarter. Focus Partners Wealth now owns 602 shares of the company’s stock valued at $1,176,000 after purchasing an additional 178 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in MercadoLibre in the second quarter valued at $261,000. Finally, Gamco Investors INC. ET AL grew its position in MercadoLibre by 21.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MELI. Citigroup lifted their price objective on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley reduced their price target on MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a research report on Monday, May 11th. Finally, Cantor Fitzgerald boosted their price target on MercadoLibre from $2,150.00 to $2,300.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,272.00.

MercadoLibre Stock Down 1.0%

MELI stock opened at $1,930.75 on Friday. The firm has a market cap of $97.88 billion, a PE ratio of 52.51, a P/E/G ratio of 1.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The firm’s fifty day moving average is $1,817.82 and its 200 day moving average is $1,771.00. MercadoLibre, Inc. has a one year low of $1,495.00 and a one year high of $2,548.50.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. During the same quarter in the prior year, the firm posted $10.31 earnings per share. The company’s revenue was up 49.8% compared to the same quarter last year. On average, research analysts forecast that MercadoLibre, Inc. will post 39.11 EPS for the current year.

MercadoLibre Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.