400 Shares in MercadoLibre, Inc. $MELI Purchased by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC bought 400 shares of MercadoLibre, valued at approximately $1,046,000, highlighting significant institutional investment in the company.
• MercadoLibre reported $10.31 earnings per share for the last quarter, missing estimates and showcasing a 33.8% revenue growth year-over-year despite lower profitability.
• Wall Street analysts maintain a generally positive outlook with many forecasting a moderate buy rating and an average price target of $2,822.78 for the stock.

Ameritas Advisory Services LLC purchased a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 400 shares of the company's stock, valued at approximately $1,046,000.

A number of other large investors also recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of MercadoLibre by 25.3% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 188 shares of the company's stock valued at $491,000 after acquiring an additional 38 shares during the last quarter. Sterling Investment Counsel LLC grew its position in shares of MercadoLibre by 12.1% in the second quarter. Sterling Investment Counsel LLC now owns 351 shares of the company's stock valued at $917,000 after purchasing an additional 38 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of MercadoLibre in the second quarter valued at approximately $107,000. Parsons Capital Management Inc. RI purchased a new stake in shares of MercadoLibre in the second quarter valued at approximately $261,000. Finally, Pure Financial Advisors LLC grew its position in shares of MercadoLibre by 9.2% in the second quarter. Pure Financial Advisors LLC now owns 119 shares of the company's stock valued at $312,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Down 3.3%

Shares of NASDAQ MELI opened at $2,172.75 on Friday. The stock has a market cap of $110.16 billion, a P/E ratio of 53.66, a PEG ratio of 1.44 and a beta of 1.46. 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 12-month low of $1,646.00 and a 12-month high of $2,645.22. The business's fifty day simple moving average is $2,382.29 and its 200-day simple moving average is $2,343.55.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MELI shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Citigroup lowered their price objective on MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Jefferies Financial Group reiterated a "hold" rating and issued a $2,800.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Daiwa Capital Markets started coverage on MercadoLibre in a research report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price objective for the company. Finally, Susquehanna reiterated a "positive" rating and issued a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $2,822.78.

MercadoLibre Company 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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