MercadoLibre, Inc. $MELI Shares Purchased by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its holdings in MercadoLibre, Inc. by 18.9% during Q2, now owning 1,279 shares valued at approximately $3.34 million.
• MercadoLibre reported earnings of $10.31 EPS for the last quarter, missing the consensus estimate, though its revenue of $6.79 billion surpassed expectations with a year-over-year growth of 33.8%.
• Analyst ratings for MercadoLibre show a mix of opinions, with a strong-buy rating from Raymond James and an average target price of $2,822.78, indicating positive market sentiment.

Knights of Columbus Asset Advisors LLC raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 18.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the company's stock after buying an additional 203 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in MercadoLibre were worth $3,343,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Optimize Financial Inc lifted its holdings in shares of MercadoLibre by 1.7% during the 1st quarter. Optimize Financial Inc now owns 238 shares of the company's stock valued at $464,000 after acquiring an additional 4 shares in the last quarter. Sonora Investment Management Group LLC lifted its stake in shares of MercadoLibre by 3.1% during the first quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock worth $328,000 after purchasing an additional 5 shares in the last quarter. Beacon Capital Management LLC boosted its position in shares of MercadoLibre by 8.3% in the first quarter. Beacon Capital Management LLC now owns 65 shares of the company's stock worth $127,000 after buying an additional 5 shares during the period. Range Financial Group LLC grew its stake in shares of MercadoLibre by 2.7% in the second quarter. Range Financial Group LLC now owns 188 shares of the company's stock valued at $491,000 after buying an additional 5 shares in the last quarter. Finally, Forum Financial Management LP raised its holdings in shares of MercadoLibre by 3.1% during the 1st quarter. Forum Financial Management LP now owns 199 shares of the company's stock valued at $388,000 after buying an additional 6 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

MELI opened at $2,154.22 on Tuesday. The company has a 50-day moving average of $2,378.30 and a 200-day moving average of $2,345.89. The company has a market capitalization of $109.22 billion, a P/E ratio of 53.20, a PEG ratio of 1.45 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. 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 issued its quarterly earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business's revenue for the quarter was up 33.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.48 EPS. Equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Analysts Set New Price Targets

MELI has been the subject of a number of analyst reports. Raymond James Financial restated a "strong-buy" rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. JPMorgan Chase & Co. decreased 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 research note on Friday. Barclays dropped their price target on shares of MercadoLibre from $3,100.00 to $3,000.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Cantor Fitzgerald upped their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. Finally, Wedbush set a $2,700.00 target price on MercadoLibre and gave the company an "outperform" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, MercadoLibre has an average rating of "Moderate Buy" and an average target price of $2,822.78.

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.

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