AMS Capital Ltda Buys New Shares in MercadoLibre, Inc. $MELI

Key Points

• AMS Capital Ltda purchased 7,659 MercadoLibre shares in the second quarter, worth approximately $13 million. The position represents 4.5% of its portfolio and makes MercadoLibre its 10th-largest holding.
• MercadoLibre reported quarterly EPS of $9.19, beating estimates of $8.65, while revenue reached $10.17 billion and rose 49.8% year over year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $2,272; institutional investors and hedge funds own 87.62% of the stock.

AMS Capital Ltda purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,659 shares of the company's stock, valued at approximately $13,000,000. MercadoLibre comprises about 4.5% of AMS Capital Ltda's portfolio, making the stock its 10th biggest holding.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in MercadoLibre during the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC acquired a new position in MercadoLibre in the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. acquired a new position in MercadoLibre in the fourth quarter valued at approximately $28,000. Darwin Wealth Management LLC bought a new position in shares of MercadoLibre during the 2nd quarter worth approximately $29,000. Finally, Curio Wealth LLC bought a new position in shares of MercadoLibre during the 4th quarter worth approximately $30,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,844.58 on Monday. The company has a market cap of $93.52 billion, a price-to-earnings ratio of 50.17, a P/E/G ratio of 1.26 and a beta of 1.34. MercadoLibre, Inc. has a 52 week low of $1,495.00 and a 52 week high of $2,548.50. The business has a 50 day moving average price of $1,767.47 and a 200-day moving average price of $1,785.70. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MELI. BTIG Research reaffirmed a "buy" rating and set a $2,150.00 price objective on shares of MercadoLibre in a research report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of MercadoLibre in a research report on Thursday, July 2nd. Cantor Fitzgerald increased their target price on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Finally, UBS Group decreased their price target on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a "neutral" rating for the company in a research note on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $2,272.00.

Insider Buying and Selling at MercadoLibre

In other MercadoLibre news, Director Alejandro Nicolas Aguzin acquired 600 shares of the company's stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the purchase, the director owned 5,355 shares of the company's stock, valued at approximately $8,867,505.15. This 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. Company insiders own 0.26% of the company's stock.

MercadoLibre Company 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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