2,235 Shares in MercadoLibre, Inc. (NASDAQ:MELI) Purchased by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. acquired 2,235 shares of MercadoLibre, valued at approximately $4,360,000, as reported in their recent Form 13F filing with the SEC.
• Major institutional investors increased their stakes, with Banco Santander S.A. raising its position by 221.9% to own 2,746 shares worth $5,357,000.
• MercadoLibre's latest earnings report showed a earnings per share of $10.31, below the consensus estimate of $12.01, despite revenue of $6.79 billion exceeding expectations.

Triglav Skladi D.O.O. acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,235 shares of the company's stock, valued at approximately $4,360,000.

A number of other institutional investors have also recently added to or reduced their stakes in MELI. Banco Santander S.A. raised its position in MercadoLibre by 221.9% during the first 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 last quarter. Prospect Financial Services LLC raised its position in MercadoLibre by 41.7% during the first 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 last quarter. Stratos Investment Management LLC acquired a new position in MercadoLibre during the first quarter worth about $203,000. JARISLOWSKY FRASER Ltd raised its position in MercadoLibre by 43.6% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 3,249 shares of the company's stock worth $5,525,000 after acquiring an additional 987 shares during the last quarter. Finally, Avant Financial Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $316,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MELI shares. Barclays cut their price objective on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research report on Thursday, May 1st. Wall Street Zen lowered shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Benchmark reissued a "buy" rating and issued a $2,875.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2,795.00.

MercadoLibre Price Performance

Shares of MELI stock opened at $2,350.83 on Wednesday. The company has a market capitalization of $119.19 billion, a PE ratio of 58.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.46. The firm has a fifty day simple moving average of $2,426.54 and a 200-day simple moving average of $2,251.59. 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, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion during the quarter, compared to analysts' expectations 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. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share 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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