Invst LLC Takes Position in MercadoLibre, Inc. $MELI

Key Points

• Invst LLC has acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI), purchasing 205 shares valued at approximately $400,000.
• Institutional investors now own 87.62% of MercadoLibre's stock, with Banco Santander significantly increasing its stake by 221.9% in the first quarter.
• MercadoLibre reported $10.31 EPS for the last quarter, missing estimates, but had a year-over-year revenue increase of 33.8%.

Invst LLC acquired a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 205 shares of the company's stock, valued at approximately $400,000.

Other institutional investors also recently made changes to their positions in the company. Banco Santander S.A. boosted its stake in shares of MercadoLibre by 221.9% in the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company's stock valued at $5,357,000 after purchasing an additional 1,893 shares in the last quarter. Prospect Financial Services LLC boosted its stake in shares of MercadoLibre by 41.7% in the 1st quarter. Prospect Financial Services LLC now owns 340 shares of the company's stock valued at $663,000 after purchasing an additional 100 shares in the last quarter. Stratos Investment Management LLC purchased a new stake in shares of MercadoLibre in the 1st quarter valued at $203,000. Avant Financial Advisors LLC bought a new stake in MercadoLibre during the 4th quarter valued at $316,000. Finally, Ground Swell Capital LLC bought a new stake in MercadoLibre during the 1st quarter valued at $439,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Trading Up 0.0%

NASDAQ:MELI opened at $2,339.36 on Friday. The company has a 50-day moving average price of $2,384.98 and a 200-day moving average price of $2,306.83. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month 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. The stock has a market cap of $118.61 billion, a price-to-earnings ratio of 57.78, a P/E/G ratio of 1.52 and a beta of 1.49.

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). The company had revenue of $6.79 billion during the quarter, compared to analysts' expectations of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company's revenue for the quarter was up 33.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.48 earnings per share. Equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Benchmark reiterated a "buy" rating and set a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $2,700.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a report on Friday, August 1st. They set a "buy" rating and a $3,000.00 price target for the company. Citigroup lowered their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a report on Monday, August 18th. Finally, 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. One equities research 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 presently 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.

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