MercadoLibre, Inc. $MELI is Tamar Securities LLC's 8th Largest Position

Key Points

• Tamar Securities LLC reduced its stake in MercadoLibre by 1.2%, retaining 12,862 shares valued at approximately $25 million as of the latest reporting period.
• Research firms have varied views on MercadoLibre's stock, with analysts giving it a consensus price target of $2,817.22 and ratings ranging from "Strong Buy" to "Hold."
• In its recent earnings report, MercadoLibre missed earnings expectations with an EPS of $10.31 but reported revenue of $6.79 billion, exceeding forecasts.

Tamar Securities LLC lowered its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,862 shares of the company's stock after selling 150 shares during the period. MercadoLibre accounts for 3.4% of Tamar Securities LLC's investment portfolio, making the stock its 8th largest holding. Tamar Securities LLC's holdings in MercadoLibre were worth $25,092,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake 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 valued at $536,411,000 after purchasing an additional 173,449 shares during the period. Invesco Ltd. lifted its stake in shares of MercadoLibre by 22.4% in the first quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after purchasing an additional 104,554 shares during the period. GQG Partners LLC lifted its stake in shares of MercadoLibre by 23.5% in the first quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after purchasing an additional 87,912 shares during the period. Nuveen LLC acquired a new stake in shares of MercadoLibre in the first quarter valued at about $143,367,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of MercadoLibre by 18.7% in the first quarter. Goldman Sachs Group Inc. now owns 450,444 shares of the company's stock valued at $878,757,000 after purchasing an additional 70,834 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of several recent research reports. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. The Goldman Sachs Group raised their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Benchmark restated a "buy" rating and set a $2,875.00 target price on shares of MercadoLibre in a report on Tuesday, August 5th. UBS Group set a $3,000.00 target price on shares of MercadoLibre in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,817.22.

MercadoLibre Trading Down 0.5%

Shares of NASDAQ MELI traded down $10.79 during midday trading on Thursday, reaching $2,338.20. 330,903 shares of the stock were exchanged, compared to its average volume of 389,706. The company has a market capitalization of $118.55 billion, a P/E ratio of 57.75, a P/E/G ratio of 1.54 and a beta of 1.49. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. 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 stock has a 50 day moving average price of $2,391.71 and a 200-day moving average price of $2,304.11.

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 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 firm had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. During the same quarter last year, the firm earned $10.48 earnings per share. The business's quarterly revenue was up 33.8% compared to the same quarter last year. Equities research analysts expect 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.