Capital Fund Management S.A. Purchases 12,239 Shares of MercadoLibre, Inc. $MELI

Key Points

• Capital Fund Management S.A. significantly increased its stake in MercadoLibre, growing its holdings by 633.5% to 14,171 shares valued at approximately $27.65 million.
• Several brokerages have raised their price targets for MercadoLibre, with Scotiabank giving it a target of $3,500.00 and a "sector outperform" rating.
• MercadoLibre reported a 33.8% increase in revenue year-over-year for the last quarter, totaling $6.79 billion, despite a miss in earnings per share estimates.

Capital Fund Management S.A. boosted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 633.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,171 shares of the company's stock after buying an additional 12,239 shares during the period. Capital Fund Management S.A.'s holdings in MercadoLibre were worth $27,646,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in MercadoLibre by 41.0% during 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 purchasing an additional 405,425 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of MercadoLibre by 170.9% in the first quarter. Assenagon Asset Management S.A. now owns 274,960 shares of the company's stock worth $536,411,000 after buying an additional 173,449 shares during the period. Invesco Ltd. grew its holdings in shares of MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after buying an additional 104,554 shares in the last quarter. GQG Partners LLC raised its position in MercadoLibre by 23.5% during the first quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after buying an additional 87,912 shares during the period. Finally, Nuveen LLC purchased a new stake in MercadoLibre in the 1st quarter worth about $143,367,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 1.5%

Shares of NASDAQ MELI traded down $36.6750 during mid-day trading on Monday, reaching $2,393.9450. 94,626 shares of the company traded hands, compared to its average volume of 389,915. The company's fifty day moving average is $2,411.33 and its two-hundred day moving average is $2,277.73. 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, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22. The stock has a market cap of $121.37 billion, a PE ratio of 59.12, a price-to-earnings-growth ratio of 1.58 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $10.31 earnings per share 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 analyst estimates of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The firm's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter last year, the firm posted $10.48 earnings per share. On average, analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MELI shares. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Scotiabank began coverage on shares of MercadoLibre in a research report on Monday, July 28th. They set a "sector outperform" rating and a $3,500.00 price objective on the stock. Citigroup dropped their price objective on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Morgan Stanley reissued an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $2,700.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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.