4,396 Shares in MercadoLibre, Inc. $MELI Bought by B & T Capital Management DBA Alpha Capital Management

Key Points

• Alpha Capital Management initiated a MercadoLibre position of 4,396 shares worth approximately $7.46 million, while institutional investors collectively own 87.62% of the company.
• MercadoLibre exceeded quarterly expectations, reporting $9.19 in EPS versus an $8.65 consensus estimate and $10.17 billion in revenue, up 49.8% year over year.
• Analysts maintain a generally positive outlook, with 11 Buy and six Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $2,272 versus the stock’s $1,787.57 opening price.

B & T Capital Management DBA Alpha Capital Management bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,396 shares of the company's stock, valued at approximately $7,462,000. MercadoLibre accounts for 1.0% of B & T Capital Management DBA Alpha Capital Management's holdings, making the stock its 28th largest position.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in MercadoLibre during the second quarter worth approximately $2,246,015,000. Capital Research Global Investors boosted its holdings in shares of MercadoLibre by 22.5% during the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company's stock worth $4,481,812,000 after buying an additional 408,939 shares in the last quarter. Norges Bank acquired a new stake in shares of MercadoLibre during the 4th quarter worth approximately $597,045,000. Royal Bank of Canada grew its position in shares of MercadoLibre by 114.2% during the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company's stock worth $768,728,000 after buying an additional 237,008 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of MercadoLibre by 184.8% in the 4th quarter. Marshall Wace LLP now owns 311,818 shares of the company's stock valued at $628,083,000 after acquiring an additional 202,322 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,787.57 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The stock has a market cap of $90.63 billion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The stock's fifty day simple moving average is $1,770.98 and its two-hundred day simple moving average is $1,782.12. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $9.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.65 by $0.54. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business's revenue was up 49.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.31 EPS. As a group, analysts forecast that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of several research analyst reports. Morgan Stanley cut their target price on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, May 11th. Citigroup upped their price objective on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research note on Friday, May 8th. Finally, Benchmark decreased their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a "buy" rating for the company in a research report on Friday, May 8th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, MercadoLibre currently has an average rating of "Moderate Buy" and an average target price of $2,272.00.

Insider Buying and Selling at MercadoLibre

In other news, Director Alejandro Nicolas Aguzin purchased 600 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $1,655.93 per share, for a total transaction of $993,558.00. Following the completion of the acquisition, the director owned 5,355 shares in the company, valued at $8,867,505.15. This trade represents a 12.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by insiders.

MercadoLibre 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.

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