Mmbg Investment Advisors CO. Buys 848 Shares of MercadoLibre, Inc. $MELI

Key Points

• Mmbg Investment Advisors increased its MercadoLibre stake by 26.5%, purchasing 848 shares to hold 4,050 shares valued at approximately $6.87 million. Institutional investors collectively own 87.62% of the company.
• MercadoLibre reported quarterly earnings of $9.19 per share, exceeding estimates of $8.65, while revenue rose 49.8% year over year to $10.17 billion, ahead of expectations.
• Analysts maintain a “Moderate Buy” consensus, with 11 Buy ratings and six Holds and an average price target of $2,272, above the reported share price of $1,908.65.

Mmbg Investment Advisors CO. lifted its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 26.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,050 shares of the company's stock after acquiring an additional 848 shares during the period. Mmbg Investment Advisors CO.'s holdings in MercadoLibre were worth $6,874,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MELI. Bison Wealth LLC acquired a new position in MercadoLibre in the 4th quarter worth $206,000. Empowered Funds LLC grew its holdings in shares of MercadoLibre by 6.9% during the first quarter. Empowered Funds LLC now owns 760 shares of the company's stock worth $1,483,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of MercadoLibre by 42.0% during the first quarter. Focus Partners Wealth now owns 602 shares of the company's stock worth $1,176,000 after buying an additional 178 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in MercadoLibre in the 2nd quarter valued at approximately $261,000. Finally, Gamco Investors INC. ET AL lifted its stake in MercadoLibre by 21.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 170 shares of the company's stock valued at $444,000 after acquiring an additional 30 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Up 7.3%

MELI opened at $1,908.65 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The stock's fifty day simple moving average is $1,780.15 and its 200 day simple moving average is $1,776.50. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,548.50. The stock has a market cap of $96.77 billion, a PE ratio of 51.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 earnings per share for the quarter, beating the consensus estimate of $8.65 by $0.54. The company had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company's revenue was up 49.8% on a year-over-year basis. During the same period in the prior year, the firm earned $10.31 earnings per share. As a group, research analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of MercadoLibre in a research note on Thursday, July 2nd. Citigroup raised their price target on MercadoLibre from $1,950.00 to $2,000.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. BTIG Research reaffirmed a "buy" rating and set a $2,150.00 price target on shares of MercadoLibre in a research report on Thursday, August 6th. Barclays cut their price objective on MercadoLibre from $2,500.00 to $2,300.00 and set an "overweight" rating for the company in a report on Monday, May 11th. Finally, Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and six 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 an average price target of $2,272.00.

Insider Buying and Selling

In other news, Director Alejandro Nicolas Aguzin acquired 600 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $1,655.93 per share, with a total value of $993,558.00. Following the completion of the transaction, the director directly owned 5,355 shares of the company's stock, valued at $8,867,505.15. This trade represents a 12.62% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

About MercadoLibre

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.

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