Moneda S.A. Administradora General de Fondos Has $30.63 Million Position in MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• Moneda S.A. Administradora General de Fondos increased its stake in MercadoLibre, Inc. by 21.0%, holding a total of 15,712 shares, valued at approximately $30.63 million.
• MercadoLibre reported a 9.74 EPS for the latest quarter, exceeding expectations and showing a 37% revenue increase year-over-year.
• Institutional investors control 87.62% of MercadoLibre's shares, indicating strong institutional confidence in the company.

Moneda S.A. Administradora General de Fondos boosted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,712 shares of the company's stock after acquiring an additional 2,723 shares during the period. MercadoLibre accounts for about 32.9% of Moneda S.A. Administradora General de Fondos' holdings, making the stock its biggest position. Moneda S.A. Administradora General de Fondos' holdings in MercadoLibre were worth $30,627,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Texas Yale Capital Corp. increased its holdings in MercadoLibre by 0.3% during the 4th quarter. Texas Yale Capital Corp. now owns 1,634 shares of the company's stock worth $2,779,000 after purchasing an additional 5 shares in the last quarter. Meiji Yasuda Life Insurance Co boosted its position in shares of MercadoLibre by 0.5% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 999 shares of the company's stock valued at $1,699,000 after buying an additional 5 shares during the last quarter. Formidable Asset Management LLC grew its holdings in MercadoLibre by 3.2% during the fourth quarter. Formidable Asset Management LLC now owns 160 shares of the company's stock worth $272,000 after buying an additional 5 shares in the last quarter. Revolve Wealth Partners LLC raised its position in MercadoLibre by 4.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 118 shares of the company's stock valued at $201,000 after buying an additional 5 shares during the last quarter. Finally, Sonora Investment Management Group LLC lifted its stake in MercadoLibre by 3.1% during the 1st quarter. Sonora Investment Management Group LLC now owns 168 shares of the company's stock valued at $328,000 after acquiring an additional 5 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of MELI opened at $2,391.05 on Friday. MercadoLibre, Inc. has a 1 year low of $1,579.78 and a 1 year high of $2,645.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.20 and a quick ratio of 1.18. The stock's fifty day moving average price is $2,480.35 and its two-hundred day moving average price is $2,198.06. The firm has a market cap of $121.23 billion, a PE ratio of 58.81, a PEG ratio of 1.42 and a beta of 1.49.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $9.74 earnings per share for the quarter, topping the consensus estimate of $7.82 by $1.92. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.55 billion. MercadoLibre had a return on equity of 48.46% and a net margin of 9.21%. The firm's revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted $6.78 EPS. On average, equities research analysts forecast that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on MELI shares. Morgan Stanley reiterated an "overweight" rating on shares of MercadoLibre in a research note on Thursday, May 1st. Cantor Fitzgerald reduced their price objective on shares of MercadoLibre from $2,900.00 to $2,700.00 and set an "overweight" rating for the company in a research report on Wednesday, June 11th. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research note on Friday, June 6th. Wall Street Zen downgraded MercadoLibre from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, JPMorgan Chase & Co. increased their price target on MercadoLibre from $2,250.00 to $2,600.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $2,639.69.

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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