MercadoLibre, Inc. $MELI Position Boosted by Rational Advisors Inc.

Key Points

• Rational Advisors Inc. increased its stake in MercadoLibre by 46.7% in Q2, raising its holdings to 1,100 shares worth $2,875,000.
• The stock has a current price of $2,161.11 and a market capitalization of $109.57 billion, with institutional investors owning 87.62% of the shares.
• Analysts have varying ratings for MercadoLibre, with a consensus average price target of $2,799.12 and multiple analysts providing buy ratings, indicating strong investor interest.

Rational Advisors Inc. grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 46.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,100 shares of the company's stock after acquiring an additional 350 shares during the quarter. Rational Advisors Inc.'s holdings in MercadoLibre were worth $2,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AG2R LA Mondiale Gestion D Actifs increased its stake in shares of MercadoLibre by 0.9% during the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 1,703 shares of the company's stock valued at $4,451,000 after acquiring an additional 15 shares during the period. Curio Wealth LLC boosted its stake in MercadoLibre by 1,400.0% during the 2nd quarter. Curio Wealth LLC now owns 15 shares of the company's stock valued at $39,000 after purchasing an additional 14 shares in the last quarter. AlphaQuest LLC increased its position in shares of MercadoLibre by 70.2% during the 2nd quarter. AlphaQuest LLC now owns 400 shares of the company's stock valued at $1,045,000 after purchasing an additional 165 shares during the period. Blue Sky Capital Consultants Group Inc. raised its stake in shares of MercadoLibre by 3.5% in the 2nd quarter. Blue Sky Capital Consultants Group Inc. now owns 1,608 shares of the company's stock worth $4,203,000 after buying an additional 55 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of MercadoLibre by 4.7% in the second quarter. Asset Management One Co. Ltd. now owns 34,003 shares of the company's stock valued at $88,871,000 after buying an additional 1,513 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MELI shares. Raymond James Financial restated a "strong-buy" rating and set a $2,750.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating for the company in a report on Friday, October 3rd. Cantor Fitzgerald upped their price target on MercadoLibre from $2,700.00 to $2,900.00 and gave the company an "overweight" rating in a report on Wednesday, September 24th. Daiwa Capital Markets began coverage on MercadoLibre in a research note on Friday, August 1st. They set a "buy" rating and a $3,000.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of MercadoLibre in a research report on Wednesday, October 8th. One 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 stock. According to MarketBeat.com, MercadoLibre has an average rating of "Moderate Buy" and an average price target of $2,799.12.

MercadoLibre Stock Up 0.6%

MercadoLibre stock opened at $2,161.11 on Friday. 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, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The firm's fifty day simple moving average is $2,315.64 and its 200-day simple moving average is $2,355.76. The company has a market capitalization of $109.57 billion, a P/E ratio of 53.37, a P/E/G ratio of 1.46 and a beta of 1.46.

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 return on equity of 43.06% and a net margin of 8.52%.The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter last year, the company posted $10.48 EPS. The business's revenue was up 33.8% compared to the same quarter last year. Sell-side analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.

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