Nykredit A S Makes New $43.26 Million Investment in MercadoLibre, Inc. $MELI

Key Points

• Nykredit A S purchased 25,487 MercadoLibre shares worth approximately $43.26 million during the second quarter, representing a 0.05% stake.
• MercadoLibre reported quarterly EPS of $9.19, exceeding estimates of $8.65, while revenue reached $10.17 billion—up 49.8% year over year and above expectations.
• Shares recently traded at $1,787.39, down 2.1%; analysts maintain a “Moderate Buy” consensus with an average price target of $2,272.

Nykredit A S purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,487 shares of the company's stock, valued at approximately $43,261,000. Nykredit A S owned 0.05% of MercadoLibre as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MELI. Allianz Asset Management GmbH boosted its stake in shares of MercadoLibre by 72.5% during the second quarter. Allianz Asset Management GmbH now owns 102,614 shares of the company's stock valued at $174,176,000 after purchasing an additional 43,130 shares during the period. Amundi grew its holdings in MercadoLibre by 8.9% in the 2nd quarter. Amundi now owns 192,893 shares of the company's stock worth $327,415,000 after acquiring an additional 15,797 shares during the last quarter. Carlson Financial Inc. grew its holdings in MercadoLibre by 5.5% in the 2nd quarter. Carlson Financial Inc. now owns 210 shares of the company's stock worth $356,000 after acquiring an additional 11 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of MercadoLibre by 77.5% in the second quarter. Ameritas Advisory Services LLC now owns 820 shares of the company's stock valued at $1,392,000 after acquiring an additional 358 shares during the period. Finally, Wedmont Private Capital increased its position in shares of MercadoLibre by 15.1% in the second quarter. Wedmont Private Capital now owns 183 shares of the company's stock valued at $339,000 after acquiring an additional 24 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Stock Down 2.1%

Shares of NASDAQ:MELI opened at $1,787.39 on Friday. The stock has a fifty day simple moving average of $1,879.99 and a two-hundred day simple moving average of $1,769.20. The stock has a market capitalization of $90.62 billion, a price-to-earnings ratio of 48.61, a PEG ratio of 1.25 and a beta of 1.31. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month 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.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its earnings results on Thursday, August 6th. 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 analysts' expectations of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The company's quarterly revenue was up 49.8% on a year-over-year basis. During the same period in the prior year, the firm posted $10.31 earnings per share. On average, research analysts anticipate that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

MELI has been the subject of several research analyst reports. Citigroup increased their price objective on MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Zacks Research raised MercadoLibre from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. BTIG Research restated a "buy" rating and set a $2,150.00 target price on shares of MercadoLibre in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of MercadoLibre in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of MercadoLibre from $1,900.00 to $2,150.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2,272.00.

MercadoLibre Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company began as an online marketplace and has expanded into a broad platform serving consumers, merchants and businesses.

Its marketplace enables users to buy and sell products across categories, while Mercado Pago provides digital payments, online checkout, money transfers and other financial services. The company also offers Mercado Envíos logistics and fulfillment services, Mercado Ads advertising solutions, and credit products through Mercado Crédito.

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