Stephens Inc. AR Raises Stake in MercadoLibre, Inc. $MELI

Stephens Inc. AR increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 58.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,300 shares of the company’s stock after purchasing an additional 847 shares during the period. Stephens Inc. AR’s holdings in MercadoLibre were worth $6,011,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MELI. Key Financial Inc purchased a new stake in MercadoLibre during the 1st quarter worth about $25,000. GW&K Investment Management LLC bought a new position in MercadoLibre in the 1st quarter worth about $25,000. Close Asset Management Ltd raised its holdings in shares of MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after acquiring an additional 11 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after acquiring an additional 13 shares in the last quarter. Finally, Twin Tree Management LP purchased a new stake in shares of MercadoLibre in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of MercadoLibre stock opened at $2,142.05 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $108.60 billion, a PE ratio of 52.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.46. The business’s 50-day moving average price is $2,328.33 and its 200-day moving average price is $2,352.79. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. MercadoLibre’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter last year, the company posted $10.48 earnings per share. Sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MELI shares. Wedbush set a $2,700.00 price target on MercadoLibre and gave the company an “outperform” rating in a report on Tuesday, August 5th. Benchmark reaffirmed a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday. Barclays lowered their price target on MercadoLibre from $3,000.00 to $2,800.00 and set an “overweight” rating on the stock in a report on Tuesday. Daiwa Capital Markets started coverage on MercadoLibre in a report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating on the stock in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, MercadoLibre has an average rating of “Moderate Buy” and a consensus target price of $2,799.12.

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.