Jupiter Topco LLC acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 540,293 shares of the company's stock, valued at approximately $917,123,000. Jupiter Topco LLC owned approximately 1.07% of MercadoLibre as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in MELI. Laurel Wealth Advisors LLC purchased a new stake in shares of MercadoLibre in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of MercadoLibre during the fourth quarter valued at $26,000. Purpose Unlimited Inc. purchased a new position in shares of MercadoLibre during the fourth quarter valued at $28,000. Wedbush Fund Advisers LLC acquired a new position in MercadoLibre during the second quarter valued at $29,000. Finally, Darwin Wealth Management LLC acquired a new position in MercadoLibre during the second quarter valued at $29,000. 87.62% of the stock is owned by institutional investors and hedge funds.
MercadoLibre Stock Performance
MELI opened at $1,997.00 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12. The company has a market cap of $101.25 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34. The stock has a 50-day moving average of $1,805.54 and a 200-day moving average of $1,771.87. MercadoLibre, Inc. has a 52-week low of $1,495.00 and a 52-week 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 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 return on equity of 26.54% and a net margin of 5.30%.The company's revenue for the quarter was up 49.8% on a year-over-year basis. During the same period in the previous year, the company earned $10.31 EPS. As a group, equities research analysts forecast that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
MELI has been the subject of several research analyst reports. BTIG Research reissued a "buy" rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research note on Thursday, August 6th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a research report on Wednesday, May 13th. Citigroup raised their price target on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Cantor Fitzgerald boosted their price objective on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, UBS Group cut their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a "neutral" rating for the company in a report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,272.00.
Read Our Latest Analysis on MELI
MercadoLibre Company Profile
(
Free Report)
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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