Bfsg LLC Acquires Shares of 398 MercadoLibre, Inc. $MELI

Key Points

• Bfsg LLC has acquired 398 shares of MercadoLibre, Inc. (NASDAQ:MELI), valued at approximately $1,040,000, according to a recent Form 13F filing.
• MercadoLibre reported a quarterly revenue of $6.79 billion, exceeding expectations, but its EPS of $10.31 was below the consensus estimate.
• Institutional investors and hedge funds now hold 87.62% of MercadoLibre's stock, highlighting the increasing interest in the company.

Bfsg LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 398 shares of the company's stock, valued at approximately $1,040,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc bought a new position in shares of MercadoLibre in the first quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new position in shares of MercadoLibre in the first quarter valued at approximately $25,000. Close Asset Management Ltd lifted its holdings in shares of 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 in the last quarter. Park Square Financial Group LLC bought a new position in shares of MercadoLibre in the fourth quarter valued at approximately $26,000. Finally, Brooklyn Investment Group lifted its holdings in shares of MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $2,494.35 on Wednesday. The stock has a market cap of $126.46 billion, a PE ratio of 61.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. 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 fifty day moving average of $2,385.80 and a 200-day moving average of $2,324.24.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $10.31 EPS 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 business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. During the same quarter in the previous year, the firm earned $10.48 earnings per share. MercadoLibre's quarterly revenue was up 33.8% compared to the same quarter last year. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup dropped their target price on MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. lifted their price target on MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Raymond James Financial reiterated a "strong-buy" rating and set a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, Benchmark reiterated a "buy" rating and set a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, MercadoLibre presently has an average rating of "Moderate Buy" and a consensus price target of $2,817.22.

MercadoLibre Company 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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