138 Shares in MercadoLibre, Inc. $MELI Purchased by George Kaiser Family Foundation

Key Points

• The George Kaiser Family Foundation has acquired a new position in MercadoLibre, Inc. (NASDAQ:MELI) worth approximately $269,000 during the first quarter, purchasing 138 shares.
• MercadoLibre reported a 33.8% increase in revenue year-over-year for the last quarter, although its EPS of $10.31 fell short of analysts' expectations.
• Several research firms have issued price targets for MercadoLibre, with estimates ranging from $2,640.00 to $3,000.00, reflecting strong buy ratings from numerous analysts.

George Kaiser Family Foundation bought a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 138 shares of the company's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meiji Yasuda Life Insurance Co increased its position in MercadoLibre by 0.5% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock worth $1,699,000 after acquiring an additional 5 shares during the period. Formidable Asset Management LLC increased its position in MercadoLibre by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after acquiring an additional 5 shares during the period. Revolve Wealth Partners LLC increased its position in MercadoLibre by 4.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock worth $201,000 after acquiring an additional 5 shares during the period. Sonora Investment Management Group LLC increased its position in MercadoLibre by 3.1% during the first quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock worth $328,000 after acquiring an additional 5 shares during the period. Finally, Beacon Capital Management LLC increased its holdings in MercadoLibre by 8.3% in the 1st quarter. Beacon Capital Management LLC now owns 65 shares of the company's stock valued at $127,000 after buying an additional 5 shares during the period. Institutional investors own 87.62% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MELI shares. Raymond James Financial reissued a "strong-buy" rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Scotiabank started coverage on shares of MercadoLibre in a report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 price target on the stock. Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the company an "outperform" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Benchmark reissued a "buy" rating and issued a $2,875.00 price target 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 issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,817.22.

MercadoLibre Price Performance

Shares of MELI traded down $21.07 during trading hours on Tuesday, hitting $2,342.94. The stock had a trading volume of 343,407 shares, compared to its average volume of 362,042. The company's fifty day moving average is $2,411.81 and its two-hundred day moving average is $2,267.19. The stock has a market capitalization of $118.79 billion, a price-to-earnings ratio of 57.86, a P/E/G ratio of 1.50 and a beta of 1.46. 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 52 week low of $1,646.00 and a 52 week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The firm's quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the company earned $10.48 EPS. On average, analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

About MercadoLibre

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.