Milestones Administradora de Recursos Ltda. Has $18.69 Million Stock Position in MercadoLibre, Inc. $MELI

Key Points

• Milestones Administradora de Recursos Ltda. increased its position in MercadoLibre, Inc. by 119.3% in the second quarter, bringing its total holdings to approximately $18.69 million.
• MercadoLibre reported quarterly earnings of $10.31 per share, missing expectations of $12.01, despite a revenue increase of 33.8% year-over-year, totaling $6.79 billion.
• Wall Street analysts show strong confidence in MercadoLibre's future, with a consensus rating of "Moderate Buy" and an average target price of $2,815.29.

Milestones Administradora de Recursos Ltda. boosted its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 119.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,151 shares of the company's stock after purchasing an additional 3,890 shares during the quarter. MercadoLibre makes up approximately 6.4% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 7th biggest position. Milestones Administradora de Recursos Ltda.'s holdings in MercadoLibre were worth $18,690,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Key Financial Inc bought a new position in shares of MercadoLibre during the 1st quarter valued at about $25,000. GW&K Investment Management LLC bought a new position in MercadoLibre during the first quarter valued at approximately $25,000. Close Asset Management Ltd boosted its stake in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after buying an additional 11 shares during the last quarter. Brooklyn Investment Group boosted its stake in MercadoLibre by 650.0% during the first quarter. Brooklyn Investment Group now owns 15 shares of the company's stock valued at $29,000 after buying an additional 13 shares during the last quarter. Finally, Twin Tree Management LP bought a new position in MercadoLibre during the first quarter valued at approximately $29,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Price Performance

Shares of MELI stock opened at $2,133.67 on Friday. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week 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. The firm has a market capitalization of $108.18 billion, a P/E ratio of 52.70, a P/E/G ratio of 1.52 and a beta of 1.46. The stock has a 50 day moving average price of $2,363.50 and a 200 day moving average price of $2,344.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data 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 net margin of 8.52% and a return on equity of 43.06%. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter in the previous year, the business earned $10.48 EPS. The company's quarterly revenue was up 33.8% compared to the same quarter last year. As a group, sell-side analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Wall Street Analyst Weigh In

MELI has been the subject of a number of research reports. Daiwa Capital Markets initiated coverage on MercadoLibre in a research report on Friday, August 1st. They set a "buy" rating and a $3,000.00 target price for the company. Raymond James Financial reiterated a "strong-buy" rating and set a $2,750.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Susquehanna reiterated a "positive" rating and set a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Wedbush set a $2,700.00 price objective on shares of MercadoLibre and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $2,800.00 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 assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,815.29.

About MercadoLibre

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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