NEOS Investment Management LLC Has $51 Million Stock Holdings in MercadoLibre, Inc. $MELI

Key Points

• NEOS Investment Management increased its MercadoLibre stake by 10% in the second quarter, holding 30,045 shares valued at approximately $51 million. Institutional investors collectively own 87.62% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and six Hold ratings, producing a “Moderate Buy” consensus and an average price target of $2,272.
• MercadoLibre exceeded quarterly expectations, reporting $9.19 in EPS versus $8.65 forecast and $10.17 billion in revenue versus $9.79 billion expected; revenue rose 49.8% year over year.

NEOS Investment Management LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,045 shares of the company's stock after buying an additional 2,722 shares during the period. NEOS Investment Management LLC owned 0.06% of MercadoLibre worth $50,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Darwin Wealth Management LLC acquired a new stake in MercadoLibre during the second quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new position in shares of MercadoLibre during the fourth quarter worth approximately $26,000. Purpose Unlimited Inc. bought a new position in shares of MercadoLibre during the fourth quarter worth approximately $28,000. Curio Wealth LLC acquired a new stake in MercadoLibre during the 4th quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in MercadoLibre during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on MELI shares. Raymond James Financial set a $2,000.00 price objective on MercadoLibre in a report on Friday, May 8th. Benchmark dropped their target price on MercadoLibre from $2,780.00 to $2,380.00 and set a "buy" rating for the company in a report on Friday, May 8th. Scotiabank reduced their target price on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a "sector outperform" rating for the company in a research report on Thursday, May 7th. Morgan Stanley decreased their price target on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an "overweight" rating on the stock in a research note on Monday, May 11th. Finally, Cantor Fitzgerald raised their price target on shares of MercadoLibre from $2,150.00 to $2,300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2,272.00.

MercadoLibre Trading Down 0.8%

Shares of MELI stock opened at $1,991.06 on Friday. The stock has a market cap of $100.95 billion, a P/E ratio of 54.15, a price-to-earnings-growth ratio of 1.37 and a beta of 1.31. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. 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 has a 50 day simple moving average of $1,853.37 and a 200 day simple moving average of $1,769.52.

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

MercadoLibre Profile

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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