MercadoLibre, Inc. $MELI Holdings Increased by Constellation Investimentos e Participacoes Ltda

Key Points

• Constellation Investimentos e Participacoes Ltda increased its holdings in MercadoLibre by 2.0%, making the stock its largest investment, valued at approximately $24.1 million.
• Market analysts have a consensus rating of "Moderate Buy" for MercadoLibre, with a price target averaging around $2,815.29, indicating potential for growth.
• MercadoLibre reported $10.31 EPS for the last quarter, missing estimates, but its revenue increased by 33.8% year-over-year, reaching $6.79 billion.

Constellation Investimentos e Participacoes Ltda grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,219 shares of the company's stock after buying an additional 185 shares during the quarter. MercadoLibre accounts for approximately 43.2% of Constellation Investimentos e Participacoes Ltda's holdings, making the stock its biggest holding. Constellation Investimentos e Participacoes Ltda's holdings in MercadoLibre were worth $24,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MELI. Key Financial Inc purchased a new stake in MercadoLibre during the first quarter valued at approximately $25,000. GW&K Investment Management LLC purchased a new stake in MercadoLibre during the 1st quarter valued at $25,000. Close Asset Management Ltd raised its holdings in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the period. Brooklyn Investment Group raised its stake in shares of MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after acquiring an additional 13 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of MercadoLibre in the first quarter valued at $29,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MELI shares. Wedbush set a $2,700.00 target price on shares of MercadoLibre and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a "buy (b)" rating on shares of MercadoLibre in a research report on Wednesday. Barclays reduced their price target on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Benchmark reiterated a "buy" rating and issued a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, Daiwa Capital Markets began coverage on MercadoLibre in a report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $2,815.29.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $2,133.67 on Friday. The firm has a market cap of $108.18 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46. The firm's 50 day simple moving average is $2,363.50 and its 200-day simple moving average is $2,344.22. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The firm had revenue of $6.79 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.48 earnings per share. As a group, equities analysts predict 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.

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