Jump Financial LLC Acquires 12,237 Shares of MercadoLibre, Inc. $MELI

Key Points

• Jump Financial LLC increased its stock holdings in MercadoLibre, Inc. by 1,699.6% during the first quarter, now owning 12,957 shares valued at approximately $25.28 million.
• MercadoLibre recently reported earnings of $10.31 EPS, falling short of the consensus estimate of $12.01, despite achieving revenues of $6.79 billion, exceeding expectations.
• Wall Street analysts have a positive outlook on MercadoLibre, with target prices ranging from $2,640 to $3,000, and a consensus rating of "Moderate Buy".

Jump Financial LLC boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1,699.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,957 shares of the company's stock after buying an additional 12,237 shares during the period. Jump Financial LLC's holdings in MercadoLibre were worth $25,277,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co boosted its holdings in MercadoLibre by 0.5% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after acquiring an additional 5 shares in the last quarter. Formidable Asset Management LLC raised its holdings in MercadoLibre by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after purchasing an additional 5 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of MercadoLibre by 4.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock worth $201,000 after purchasing an additional 5 shares during the period. Sonora Investment Management Group LLC lifted its position in shares of MercadoLibre by 3.1% in the 1st quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock worth $328,000 after purchasing an additional 5 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in shares of MercadoLibre by 8.3% during the 1st quarter. Beacon Capital Management LLC now owns 65 shares of the company's stock valued at $127,000 after purchasing an additional 5 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

NASDAQ MELI traded down $2.21 during trading hours on Tuesday, hitting $2,405.53. 409,689 shares of the company's stock traded hands, compared to its average volume of 377,638. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The business's fifty day moving average price is $2,410.39 and its two-hundred day moving average price is $2,280.61. The firm has a market capitalization of $121.96 billion, a P/E ratio of 59.41, a P/E/G ratio of 1.57 and a beta of 1.46. 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 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). MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the prior year, the firm posted $10.48 EPS. The business's revenue for the quarter was up 33.8% on a year-over-year basis. Equities research analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MELI. Scotiabank began coverage on shares of MercadoLibre in a research note on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 price target for the company. UBS Group set a $3,000.00 target price on MercadoLibre in a research report on Monday, June 2nd. Raymond James Financial restated a "strong-buy" rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. 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 research report on Monday, August 18th. Finally, Benchmark reissued a "buy" rating and set a $2,875.00 price objective on shares of MercadoLibre in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat, MercadoLibre currently has an average rating of "Moderate Buy" and a consensus target price 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.