B. Metzler seel. Sohn & Co. AG Raises Stock Holdings in MercadoLibre, Inc. $MELI

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in MercadoLibre, Inc. by 18.5% in the first quarter, owning a total of 13,935 shares valued at approximately $27.19 million.
• A number of analysts have set new price targets for MercadoLibre, with Goldman Sachs increasing their target from $2,640 to $3,000, while the average price target is currently $2,817.22.
• MercadoLibre reported a net income of $10.31 per share for the last quarter, missing estimates by $1.70, though revenue increased by 33.8% year-over-year to $6.79 billion.

B. Metzler seel. Sohn & Co. AG grew its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 18.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,935 shares of the company's stock after buying an additional 2,180 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in MercadoLibre were worth $27,185,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Key Financial Inc bought a new position in shares of MercadoLibre in the first quarter worth about $25,000. GW&K Investment Management LLC bought a new position in shares of MercadoLibre in the first quarter worth about $25,000. Close Asset Management Ltd boosted its stake in shares of MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after acquiring an additional 11 shares during the period. Park Square Financial Group LLC bought a new position in shares of MercadoLibre in the fourth quarter worth about $26,000. Finally, Brooklyn Investment Group boosted its stake in shares of MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company's stock worth $29,000 after acquiring an additional 13 shares during the period. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MELI shares. Benchmark reaffirmed a "buy" rating and issued a $2,875.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Wedbush set a $2,700.00 price objective on MercadoLibre and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Scotiabank began coverage on MercadoLibre in a research report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,817.22.

MercadoLibre Trading Down 0.1%

Shares of NASDAQ MELI opened at $2,405.53 on Wednesday. The business's 50 day moving average is $2,410.71 and its two-hundred day moving average is $2,281.47. 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, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The stock has a market capitalization of $121.95 billion, a P/E ratio of 59.41, a PEG ratio of 1.57 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data 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). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the previous year, the firm earned $10.48 earnings per share. The company's revenue was up 33.8% compared to the same quarter last year. As a group, research analysts expect 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.

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