Robeco Institutional Asset Management B.V. Increases Stake in MercadoLibre, Inc. $MELI

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in MercadoLibre, Inc. by 52.6% during the second quarter, now holding 153,118 shares, worth approximately $400 million.
• MercadoLibre's shares recently opened at $2,176.91, with a year high of $2,645.22, and it reported quarterly earnings of $10.31 per share, below the analysts' estimate of $12.01.
• Analysts have shown a mixed response towards MercadoLibre with ratings ranging from strong buy to hold, and the average price target is set at $2,828.33.

Robeco Institutional Asset Management B.V. increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 52.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,118 shares of the company's stock after purchasing an additional 52,795 shares during the period. MercadoLibre makes up about 0.6% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 24th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.30% of MercadoLibre worth $400,194,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Key Financial Inc purchased a new stake in shares of MercadoLibre in the 1st quarter valued at $25,000. GW&K Investment Management LLC purchased a new stake in MercadoLibre during the 1st quarter valued at $25,000. Close Asset Management Ltd boosted its position in MercadoLibre by 366.7% during the 1st 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 period. Brooklyn Investment Group boosted its position in MercadoLibre by 650.0% during the 1st 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 period. Finally, Twin Tree Management LP purchased a new stake in MercadoLibre during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MELI shares. Jefferies Financial Group reissued a "hold" rating and set a $2,800.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of MercadoLibre from $2,600.00 to $2,700.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wedbush set a $2,700.00 price target on shares of MercadoLibre and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Raymond James Financial reissued a "strong-buy" rating and set a $2,750.00 price target on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Citigroup dropped their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a "buy" rating for the company in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $2,828.33.

MercadoLibre Trading Down 6.8%

NASDAQ:MELI opened at $2,176.91 on Thursday. The company has a 50-day moving average price of $2,388.98 and a 200-day moving average price of $2,339.49. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The stock has a market cap of $110.37 billion, a price-to-earnings ratio of 53.76, a P/E/G ratio of 1.52 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) 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 business had revenue of $6.79 billion for the quarter, compared to analysts' expectations of $6.57 billion. During the same period last year, the business earned $10.48 earnings per share. The company's revenue was up 33.8% on a year-over-year basis. Equities analysts predict that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre 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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