ASR Vermogensbeheer N.V. Invests $7.99 Million in 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 stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,095 shares of the company's stock, valued at approximately $7,989,000.

A number of other large investors also recently bought and sold shares of the business. Texas Yale Capital Corp. raised its stake in MercadoLibre by 0.3% in the fourth quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after buying an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its stake in MercadoLibre by 0.5% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after buying an additional 5 shares in the last quarter. Formidable Asset Management LLC raised its stake in MercadoLibre by 3.2% in the fourth quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after buying an additional 5 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in MercadoLibre by 4.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock worth $201,000 after buying an additional 5 shares in the last quarter. Finally, Sonora Investment Management Group LLC raised its stake in MercadoLibre by 3.1% in the first quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock worth $328,000 after buying an additional 5 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

MELI has been the subject of a number of recent research reports. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a research note on Monday, June 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $2,700.00 price target on shares of MercadoLibre in a research report on Tuesday. Jefferies Financial Group reaffirmed a "hold" rating and set a $2,800.00 price target on shares of MercadoLibre in a research report on Tuesday. Barclays reduced their price target on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Susquehanna reaffirmed a "positive" rating and set a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Three equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,795.00.

MercadoLibre Stock Performance

MELI traded up $18.88 during midday trading on Friday, hitting $2,353.70. 303,477 shares of the company were exchanged, compared to its average volume of 345,695. The company's 50 day simple moving average is $2,437.60 and its 200 day simple moving average is $2,241.91. The firm has a market capitalization of $119.33 billion, a price-to-earnings ratio of 58.13, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

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