AG2R LA Mondiale Gestion D Actifs Makes New $3.29 Million Investment in MercadoLibre, Inc. $MELI

Key Points

• AG2R LA Mondiale Gestion D Actifs has made a new investment of approximately $3.29 million in MercadoLibre, acquiring 1,688 shares during the first quarter.
• MercadoLibre reported a net margin of 8.52% and a year-over-year revenue growth of 33.8% for the most recent quarter, despite missing earnings per share estimates.
• Following several upgrades and downgrades, MercadoLibre's average analyst rating is currently a "Moderate Buy" with a price target of approximately $2,817.22.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,688 shares of the company's stock, valued at approximately $3,293,000.

A number of other institutional investors also recently bought and sold shares of MELI. Assenagon Asset Management S.A. raised its stake in MercadoLibre by 170.9% during the first quarter. Assenagon Asset Management S.A. now owns 274,960 shares of the company's stock worth $536,411,000 after purchasing an additional 173,449 shares during the period. Invesco Ltd. raised its stake in shares of MercadoLibre by 22.4% in the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after acquiring an additional 104,554 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MercadoLibre by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company's stock valued at $1,073,823,000 after acquiring an additional 96,283 shares during the period. GQG Partners LLC raised its stake in shares of MercadoLibre by 23.5% in the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after acquiring an additional 87,912 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of MercadoLibre in the 1st quarter valued at approximately $143,367,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Trading Up 0.0%

Shares of MELI stock opened at $2,339.36 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market capitalization of $118.61 billion, a P/E ratio of 57.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. The company has a 50 day moving average price of $2,384.98 and a 200 day moving average price of $2,306.08. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MELI. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Barclays reduced their price target on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Scotiabank began coverage on shares of MercadoLibre in a research note on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 price target on the stock. Finally, Citigroup reduced their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $2,817.22.

About MercadoLibre

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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