Shell Asset Management Co. Acquires 498 Shares of MercadoLibre, Inc. $MELI

Key Points

• Shell Asset Management Co. increased its stake in MercadoLibre, Inc. by 23.5%, acquiring an additional 498 shares in the second quarter, bringing its total holdings to 2,620 shares worth approximately $6.85 million.
• MercadoLibre reported $10.31 earnings per share for the last quarter, missing analysts' expectations of $12.01, while its revenue increased by 33.8% year-over-year to $6.79 billion.
• Analysts have mixed views on MercadoLibre with ratings ranging from Strong Buy to Hold, and a consensus price target of approximately $2,822.78.

Shell Asset Management Co. lifted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,620 shares of the company's stock after acquiring an additional 498 shares during the period. Shell Asset Management Co.'s holdings in MercadoLibre were worth $6,848,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Key Financial Inc bought a new stake in MercadoLibre during the 1st quarter worth approximately $25,000. GW&K Investment Management LLC purchased a new position in shares of MercadoLibre during the first quarter valued at approximately $25,000. Close Asset Management Ltd grew its holdings in MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock worth $27,000 after buying an additional 11 shares in the last quarter. Brooklyn Investment Group raised its position in MercadoLibre by 650.0% in 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 last quarter. Finally, Twin Tree Management LP bought a new position in MercadoLibre during the 1st quarter valued at $29,000. Institutional investors own 87.62% of the company's stock.

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,154.22 on Tuesday. The company has a market capitalization of $109.22 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a 52-week low of $1,646.00 and a 52-week high of $2,645.22. The company has a 50-day simple moving average of $2,378.30 and a 200 day simple moving average of $2,345.89.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MELI shares. Daiwa Capital Markets began coverage on shares of MercadoLibre in a report on Friday, August 1st. They set a "buy" rating and a $3,000.00 price objective on the stock. 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. Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Cantor Fitzgerald increased their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. Finally, Susquehanna restated a "positive" rating and issued a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,822.78.

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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