Roman Butler Fullerton & Co. Has $1.44 Million Position in MercadoLibre, Inc. $MELI

Key Points

• Roman Butler Fullerton & Co. increased its position in MercadoLibre, Inc. by 30.9% during the second quarter, holding shares worth $1.44 million after acquiring an additional 130 shares.
• MercadoLibre's stock has a current market capitalization of $106.23 billion and reported quarterly earnings of $10.31 EPS, missing estimates by $1.70 but showing a 33.8% year-over-year revenue increase.
• Brokerages have mostly favored MercadoLibre, with several analysts issuing Buy ratings and setting target prices including a range from $2,700 to $2,900.

Roman Butler Fullerton & Co. lifted its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 30.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551 shares of the company's stock after acquiring an additional 130 shares during the period. Roman Butler Fullerton & Co.'s holdings in MercadoLibre were worth $1,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MELI. Ninety One North America Inc. increased its holdings in shares of MercadoLibre by 21.5% in the second quarter. Ninety One North America Inc. now owns 6,094 shares of the company's stock worth $15,927,000 after acquiring an additional 1,080 shares in the last quarter. Banco Santander S.A. increased its stake in MercadoLibre by 221.9% during the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company's stock worth $5,357,000 after purchasing an additional 1,893 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in MercadoLibre during the 1st quarter worth approximately $203,000. Costello Asset Management INC lifted its stake in MercadoLibre by 434.3% in the second quarter. Costello Asset Management INC now owns 577 shares of the company's stock valued at $1,509,000 after buying an additional 469 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in MercadoLibre by 8.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,257 shares of the company's stock valued at $5,899,000 after buying an additional 177 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Trading Down 2.2%

NASDAQ MELI opened at $2,095.21 on Thursday. The stock has a market capitalization of $106.23 billion, a P/E ratio of 51.75, a P/E/G ratio of 1.45 and a beta of 1.46. The business has a 50 day simple moving average of $2,323.69 and a 200 day simple moving average of $2,351.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing the consensus estimate of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period last year, the business earned $10.48 EPS. The business's quarterly revenue was up 33.8% compared to the same quarter last year. Research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MELI. Weiss Ratings reissued a "buy (b)" rating on shares of MercadoLibre in a research report on Wednesday, October 8th. Wedbush set a $2,700.00 target price on shares of MercadoLibre and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Citigroup dropped their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a "buy" rating for the company in a research note on Thursday, October 9th. Cantor Fitzgerald increased their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 24th. Finally, Susquehanna decreased their target price on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a "positive" rating on the stock in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2,799.12.

About MercadoLibre

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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