ASR Vermogensbeheer N.V. Acquires Shares of 4,095 MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $7.99 million in MercadoLibre, acquiring a total of 4,095 shares during the first quarter.
• Wall Street analysts have a positive outlook on MercadoLibre, with 14 analysts rating it as a buy and an average price target of approximately $2,789.44.
• Despite reporting earnings of $10.31 per share, MercadoLibre missed analyst estimates by $1.70, while achieving revenue of $6.79 billion, exceeding expectations.

ASR Vermogensbeheer N.V. purchased 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 & Exchange Commission. The institutional investor purchased 4,095 shares of the company's stock, valued at approximately $7,989,000.

Other large investors have also made changes to their positions in the company. Key Financial Inc acquired a new position in shares of MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC purchased a new stake in MercadoLibre in the first quarter valued at $25,000. Close Asset Management Ltd boosted its holdings in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in MercadoLibre in the fourth quarter valued at $26,000. Finally, Covestor Ltd purchased a new stake in MercadoLibre in the fourth quarter valued at $27,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on MELI. Benchmark reaffirmed a "buy" rating and issued a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Morgan Stanley reaffirmed an "overweight" rating on shares of MercadoLibre in a report on Thursday, May 1st. The Goldman Sachs Group upped their price target on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Susquehanna reaffirmed a "positive" rating and issued a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $2,700.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $2,795.00.

MercadoLibre Price Performance

MercadoLibre stock traded down $24.97 during midday trading on Monday, reaching $2,328.74. The company had a trading volume of 83,537 shares, compared to its average volume of 393,940. The company has a market capitalization of $118.06 billion, a P/E ratio of 57.65, a P/E/G ratio of 1.47 and a beta of 1.46. MercadoLibre, Inc. has a 12-month low of $1,646.00 and a 12-month high of $2,645.22. The firm's fifty day simple moving average is $2,437.60 and its 200-day simple moving average is $2,247.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The company's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business posted $10.48 earnings per share. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre 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.