MercadoLibre, Inc. $MELI Shares Bought by Matthew 25 Management Corp

Key Points

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Matthew 25 Management Corp boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the company's stock after purchasing an additional 900 shares during the period. MercadoLibre comprises approximately 10.1% of Matthew 25 Management Corp's investment portfolio, making the stock its 3rd biggest position. Matthew 25 Management Corp's holdings in MercadoLibre were worth $27,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of MercadoLibre by 41.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,394,255 shares of the company's stock valued at $2,370,848,000 after acquiring an additional 405,425 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of MercadoLibre by 170.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 274,960 shares of the company's stock valued at $536,411,000 after acquiring an additional 173,449 shares during the last quarter. Invesco Ltd. lifted its stake in shares of MercadoLibre by 22.4% in the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after acquiring an additional 104,554 shares during the last quarter. GQG Partners LLC lifted its stake in shares of MercadoLibre by 23.5% in the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after acquiring an additional 87,912 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of MercadoLibre in the 1st quarter valued at $143,367,000. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Trading Up 4.0%

NASDAQ:MELI traded up $93.18 during trading hours on Friday, hitting $2,430.62. 436,058 shares of the company were exchanged, compared to its average volume of 369,414. 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 company has a fifty day simple moving average of $2,411.33 and a 200 day simple moving average of $2,273.82. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The stock has a market capitalization of $123.23 billion, a price-to-earnings ratio of 60.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results 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). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the previous year, the business posted $10.48 earnings per share. The business's revenue was up 33.8% on a year-over-year basis. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MELI. Citigroup dropped their price target on MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Benchmark reiterated a "buy" rating and issued a $2,875.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $2,700.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Daiwa Capital Markets initiated coverage on MercadoLibre in a research note on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price target for the company. Finally, Barclays lowered their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, MercadoLibre currently has a consensus rating of "Moderate Buy" and an average target price of $2,817.22.

MercadoLibre Company 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.