Compagnie Lombard Odier SCmA Has $6.01 Million Position in MercadoLibre, Inc. $MELI

Key Points

• Compagnie Lombard Odier SCmA increased its stake in MercadoLibre, Inc. by 7% in Q2, holding a position valued at approximately $6.01 million after purchasing 150 additional shares.
• MercadoLibre reported $10.31 EPS for the latest quarter, missing estimates of $12.01, but the company's revenue exceeded expectations, totaling $6.79 billion.
• The stock has received a predominantly positive outlook with an average rating of "Moderate Buy" and a consensus target price of $2,817.22.

Compagnie Lombard Odier SCmA raised its stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,298 shares of the company's stock after purchasing an additional 150 shares during the period. Compagnie Lombard Odier SCmA's holdings in MercadoLibre were worth $6,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. boosted its position in shares of MercadoLibre by 221.9% in the first quarter. Banco Santander S.A. now owns 2,746 shares of the company's stock valued at $5,357,000 after acquiring an additional 1,893 shares during the period. Prospect Financial Services LLC boosted its position in shares of MercadoLibre by 41.7% in the first quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock valued at $663,000 after acquiring an additional 100 shares during the period. Stratos Investment Management LLC bought a new stake in shares of MercadoLibre in the first quarter valued at about $203,000. Avant Financial Advisors LLC bought a new stake in shares of MercadoLibre in the fourth quarter valued at about $316,000. Finally, Ground Swell Capital LLC bought a new stake in shares of MercadoLibre in the first quarter valued at about $439,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MELI has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Susquehanna reissued a "positive" rating and issued a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Benchmark reissued a "buy" rating and issued a $2,875.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Wedbush set a $2,700.00 price objective on shares of MercadoLibre and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. One equities 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's stock. According to MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus target price of $2,817.22.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,460.66 on Tuesday. The business has a 50 day moving average of $2,383.72 and a 200-day moving average of $2,323.05. MercadoLibre, Inc. has a 1 year low of $1,646.00 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The company has a market capitalization of $124.76 billion, a P/E ratio of 60.77, a P/E/G ratio of 1.60 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company earned $10.48 EPS. On average, equities research 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.

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