Nykredit A S purchased a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,108 shares of the company’s stock, valued at approximately $49,408,000. Nykredit A S owned 0.06% of MercadoLibre at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Select Advisors LLC raised its position in shares of MercadoLibre by 2.9% during the 4th quarter. Cornerstone Select Advisors LLC now owns 176 shares of the company’s stock valued at $355,000 after acquiring an additional 5 shares during the last quarter. Mitchell Capital Management Co. increased its holdings in MercadoLibre by 0.4% in the fourth quarter. Mitchell Capital Management Co. now owns 1,262 shares of the company’s stock valued at $2,542,000 after purchasing an additional 5 shares during the last quarter. Strategic Advisors LLC increased its holdings in MercadoLibre by 0.4% in the fourth quarter. Strategic Advisors LLC now owns 1,273 shares of the company’s stock valued at $2,564,000 after purchasing an additional 5 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in MercadoLibre by 2.0% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 259 shares of the company’s stock valued at $605,000 after buying an additional 5 shares during the period. Finally, Beese Fulmer Investment Management Inc. boosted its holdings in MercadoLibre by 2.7% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 229 shares of the company’s stock worth $461,000 after buying an additional 6 shares during the last quarter. 87.62% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MELI. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price target for the company. in a research note on Friday, May 8th. Morgan Stanley decreased their price objective on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating for the company in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. BTIG Research restated a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research report on Thursday, August 6th. Finally, Benchmark reduced their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,272.00.
MercadoLibre Stock Up 2.2%
Shares of MELI stock opened at $2,006.58 on Thursday. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,548.50. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $1,845.93 and a 200-day moving average of $1,769.50. The company has a market capitalization of $101.73 billion, a price-to-earnings ratio of 54.57, a P/E/G ratio of 1.35 and a beta of 1.31.
MercadoLibre (NASDAQ:MELI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, beating the consensus estimate of $8.65 by $0.54. The business had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The firm’s revenue was up 49.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.31 EPS. As a group, equities research analysts predict that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.
MercadoLibre Company 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.
Further Reading
- Five stocks we like better than MercadoLibre
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for MercadoLibre Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MercadoLibre and related companies with MarketBeat.com's FREE daily email newsletter.
