Generali Investments CEE investicni spolecnost a.s. Boosts Position in MercadoLibre, Inc. $MELI

Key Points

• Generali Investments CEE investicni spolecnost a.s. increased its stake in MercadoLibre, Inc. by 13.5%, owning 2,520 shares worth approximately $6.59 million as of the latest SEC filing.
• Often regarded as a significant player, 87.62% of MercadoLibre's stock ownership is held by institutional investors, highlighting strong interest from financial institutions.
• MercadoLibre reported quarterly earnings of $10.31 EPS, falling short of the estimated $12.01, despite achieving a revenue of $6.79 billion, which exceeded expectations.

Generali Investments CEE investicni spolecnost a.s. boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,520 shares of the company's stock after purchasing an additional 300 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in MercadoLibre were worth $6,586,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC boosted its position in MercadoLibre by 1.6% during the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock worth $2,251,531,000 after purchasing an additional 18,731 shares in the last quarter. Invesco Ltd. raised its holdings in shares of MercadoLibre by 22.4% in the first quarter. Invesco Ltd. now owns 570,967 shares of the company's stock worth $1,113,881,000 after acquiring an additional 104,554 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of MercadoLibre by 21.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company's stock worth $1,073,823,000 after acquiring an additional 96,283 shares during the last quarter. Generation Investment Management LLP raised its holdings in shares of MercadoLibre by 3.3% in the first quarter. Generation Investment Management LLP now owns 530,564 shares of the company's stock worth $1,035,061,000 after acquiring an additional 16,878 shares during the last quarter. Finally, GQG Partners LLC raised its holdings in shares of MercadoLibre by 23.5% in the first quarter. GQG Partners LLC now owns 461,875 shares of the company's stock worth $901,058,000 after acquiring an additional 87,912 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,336.94 on Wednesday. The firm has a market capitalization of $118.48 billion, a P/E ratio of 57.72, a PEG ratio of 1.63 and a beta of 1.49. The stock has a fifty day moving average price of $2,393.33 and a 200 day moving average price of $2,340.62. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. 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 (NASDAQ:MELI - Get Free Report) last released 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). The business 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 revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.48 earnings per share. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MELI. Susquehanna reissued a "positive" rating and issued a $2,975.00 price target (up from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. Wedbush set a $2,700.00 price target on MercadoLibre and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Citigroup cut their price target on MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a report on Monday, August 18th. Scotiabank began coverage on MercadoLibre in a report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 price target for the company. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,828.33.

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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