Ethos Financial Group LLC Buys Shares of 1,207 MercadoLibre, Inc. $MELI

Key Points

• Ethos Financial Group LLC acquired a new stake in MercadoLibre, purchasing 1,207 shares valued at about $2,355,000 during the first quarter.
• MercadoLibre's recent quarterly earnings report showed an EPS of $10.31, missing the estimated $12.01, although its revenue of $6.79 billion surpassed forecasts.
• Analysts have a consensus rating of "Moderate Buy" for MercadoLibre, with a target price averaging $2,795.00 across multiple investment firms.

Ethos Financial Group LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,207 shares of the company's stock, valued at approximately $2,355,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. George Kaiser Family Foundation bought a new stake in shares of MercadoLibre during the first quarter valued at about $269,000. Knuff & Co LLC raised its stake in shares of MercadoLibre by 1.0% during the first quarter. Knuff & Co LLC now owns 4,853 shares of the company's stock valued at $9,468,000 after purchasing an additional 49 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of MercadoLibre by 20.1% during the first quarter. Raymond James Financial Inc. now owns 49,517 shares of the company's stock valued at $96,601,000 after purchasing an additional 8,274 shares in the last quarter. Kids Capital Management L.P. bought a new stake in shares of MercadoLibre during the first quarter valued at about $15,022,000. Finally, LWM Advisory Services LLC raised its stake in shares of MercadoLibre by 41.0% during the first quarter. LWM Advisory Services LLC now owns 172 shares of the company's stock valued at $336,000 after purchasing an additional 50 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Trading Down 0.9%

MELI traded down $21.07 during trading on Tuesday, reaching $2,342.94. The company had a trading volume of 343,407 shares, compared to its average volume of 362,042. The firm's 50-day simple moving average is $2,411.81 and its 200 day simple moving average is $2,267.19. The company has a market cap of $118.79 billion, a price-to-earnings ratio of 57.86, a PEG ratio of 1.50 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 company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its 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). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. During the same period last year, the firm earned $10.48 EPS. The company's 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

MELI has been the topic of a number of recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $2,700.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Wall Street Zen lowered MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Scotiabank assumed coverage on MercadoLibre in a report on Monday, July 28th. They set a "sector outperform" rating and a $3,500.00 target price on the stock. Barclays lowered their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $2,800.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,817.22.

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.