7,700 Shares in MercadoLibre, Inc. $MELI Purchased by Kids Capital Management L.P.

Key Points

• Kids Capital Management L.P. has purchased 7,700 shares of MercadoLibre, valued at approximately $15 million, making it the largest position in their investment portfolio at around 16.5%.
• MercadoLibre reported a decrease in EPS from $10.48 to $10.31, missing estimates, although revenue increased by 33.8% to $6.79 billion compared to the same quarter last year.
• Institutional investors now hold 87.62% of MercadoLibre's stock, with several hedge funds increasing their stakes during the first quarter.

Kids Capital Management L.P. bought a new position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 7,700 shares of the company's stock, valued at approximately $15,022,000. MercadoLibre accounts for 16.5% of Kids Capital Management L.P.'s investment portfolio, making the stock its biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Key Financial Inc bought a new position in MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC purchased a new stake in shares of MercadoLibre in the 1st quarter worth $25,000. Close Asset Management Ltd lifted its holdings in shares of MercadoLibre by 366.7% in the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after buying an additional 11 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of MercadoLibre in the 4th quarter worth $26,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of MELI stock traded up $72.50 during mid-day trading on Friday, reaching $2,392.30. The stock had a trading volume of 411,196 shares, compared to its average volume of 363,335. The business's fifty day moving average is $2,414.57 and its 200-day moving average is $2,263.57. 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 firm has a market cap of $121.29 billion, a price-to-earnings ratio of 59.08, a PEG ratio of 1.52 and a beta of 1.46. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The firm 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 firm's revenue for the quarter was up 33.8% on a year-over-year basis. During the same period in the prior year, the company posted $10.48 earnings per share. On average, research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

MELI has been the subject of several research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,700.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. Susquehanna reiterated a "positive" rating and issued a $2,975.00 target price (up from $2,840.00) on shares of MercadoLibre in a report on Thursday, June 26th. The Goldman Sachs Group upped their target price on MercadoLibre from $2,640.00 to $3,000.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Scotiabank initiated coverage on MercadoLibre in a report on Monday, July 28th. They issued a "sector outperform" rating and a $3,500.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus target price of $2,795.00.

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.