191 Shares in MercadoLibre, Inc. $MELI Acquired by Jackson Wealth Management LLC

Key Points

• Jackson Wealth Management LLC has acquired 191 shares of MercadoLibre, valued at approximately $499,000, as indicated in their recent SEC filing.
• Institutional investors now own 87.62% of MercadoLibre’s stock, with significant increases in holdings reported by several firms during the 2nd quarter.
• Analysts have set an average price target of $2,822.78 for MercadoLibre, with a consensus rating of "Moderate Buy" based on recent reports from multiple research firms.

Jackson Wealth Management LLC acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 191 shares of the company's stock, valued at approximately $499,000.

Several other institutional investors have also recently bought and sold shares of MELI. Ninety One North America Inc. grew its holdings in MercadoLibre by 21.5% during the 2nd quarter. Ninety One North America Inc. now owns 6,094 shares of the company's stock worth $15,927,000 after acquiring an additional 1,080 shares during the period. Banco Santander S.A. grew its holdings in MercadoLibre by 221.9% during the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company's stock worth $5,357,000 after acquiring an additional 1,893 shares during the period. Prospect Financial Services LLC grew its holdings in MercadoLibre by 41.7% during the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock worth $663,000 after acquiring an additional 100 shares during the period. Stratos Investment Management LLC acquired a new stake in MercadoLibre during the 1st quarter worth $203,000. Finally, Bosman Wealth Management LLC grew its holdings in MercadoLibre by 88.5% during the 2nd quarter. Bosman Wealth Management LLC now owns 1,001 shares of the company's stock worth $2,616,000 after acquiring an additional 470 shares during the period. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MELI. Raymond James Financial reaffirmed a "strong-buy" rating and set a $2,750.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Citigroup lowered their target price on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a report on Monday, August 18th. Weiss Ratings reissued a "buy (b)" rating on shares of MercadoLibre in a report on Saturday, September 27th. Daiwa Capital Markets began coverage on shares of MercadoLibre in a report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price target for the company. Finally, Scotiabank began coverage on shares of MercadoLibre in a report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2,822.78.

MercadoLibre Trading Down 3.3%

MELI opened at $2,172.75 on Friday. The stock has a market capitalization of $110.16 billion, a P/E ratio of 53.66, a P/E/G ratio of 1.49 and a beta of 1.46. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The firm's fifty day simple moving average is $2,382.29 and its 200 day simple moving average is $2,341.63. 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 (NASDAQ:MELI - Get Free Report) last posted 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 company had revenue of $6.79 billion during 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%. The company's revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.48 earnings per share. As a group, research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

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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