1,300 Shares in MercadoLibre, Inc. $MELI Purchased by Aristides Capital LLC

Key Points

• Aristides Capital LLC has acquired 1,300 shares of MercadoLibre, Inc. valued at approximately $2,536,000, representing 0.7% of their investment portfolio.
• MercadoLibre reported quarterly earnings with an EPS of $10.31, missing analysts' expectations of $12.01, but showed a revenue increase of 33.8% year-over-year.
• Analysts have set a consensus target price of $2,817.22 for MercadoLibre, with most ratings indicating it as a "Moderate Buy."

Aristides Capital LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,300 shares of the company's stock, valued at approximately $2,536,000. MercadoLibre makes up 0.7% of Aristides Capital LLC's investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Jennison Associates LLC increased its stake in MercadoLibre by 1.6% during the 1st quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock valued at $2,251,531,000 after purchasing an additional 18,731 shares in the last quarter. Invesco Ltd. increased its stake in MercadoLibre by 22.4% during the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after purchasing an additional 104,554 shares in the last quarter. GQG Partners LLC increased its stake in MercadoLibre by 23.5% during the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after purchasing an additional 87,912 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MercadoLibre by 14.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 454,150 shares of the company's stock valued at $772,255,000 after purchasing an additional 57,806 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in MercadoLibre by 18.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 450,444 shares of the company's stock valued at $878,757,000 after purchasing an additional 70,834 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Performance

MELI opened at $2,407.74 on Tuesday. 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 company has a market cap of $122.07 billion, a price-to-earnings ratio of 59.47, a PEG ratio of 1.58 and a beta of 1.46. The company's 50 day moving average is $2,410.39 and its 200 day moving average is $2,280.61. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. During the same period in the previous year, the business posted $10.48 EPS. The business's quarterly revenue was up 33.8% compared to the same quarter last year. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MELI shares. UBS Group set a $3,000.00 price target on shares of MercadoLibre in a research note on Monday, June 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,700.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, MercadoLibre has a consensus rating of "Moderate Buy" and a consensus target price of $2,817.22.

MercadoLibre Profile

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.

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