Silver Oak Securities Incorporated Invests $470,000 in MercadoLibre, Inc. $MELI

Key Points

• Silver Oak Securities Incorporated has made a new investment of $470,000 in MercadoLibre, purchasing 180 shares in the second quarter.
• MercadoLibre's latest quarterly earnings reported an EPS of $10.31, which fell short of the consensus estimate of $12.01, although revenue increased by 33.8% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for MercadoLibre (NASDAQ:MELI) with a price target averaging around $2,817.22.

Silver Oak Securities Incorporated purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 180 shares of the company's stock, valued at approximately $470,000.

A number of other hedge funds have also recently modified their holdings of the company. Bank Pictet & Cie Europe AG bought a new stake in shares of MercadoLibre in the 4th quarter worth about $561,000. Bison Wealth LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at about $206,000. Vident Advisory LLC increased its holdings in shares of MercadoLibre by 20.9% in the 4th quarter. Vident Advisory LLC now owns 289 shares of the company's stock valued at $491,000 after acquiring an additional 50 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of MercadoLibre by 79.8% in the fourth quarter. Waverly Advisors LLC now owns 232 shares of the company's stock valued at $394,000 after buying an additional 103 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in shares of MercadoLibre by 20.0% during the 4th quarter. Sunbelt Securities Inc. now owns 210 shares of the company's stock valued at $362,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on MercadoLibre from $2,600.00 to $2,700.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Jefferies Financial Group reissued a "hold" rating and issued a $2,800.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Benchmark reissued a "buy" rating and set a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Scotiabank began coverage on MercadoLibre in a research report on Monday, July 28th. They set a "sector outperform" rating and a $3,500.00 price target on the stock. Finally, Wall Street Zen downgraded shares of MercadoLibre from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has a consensus rating of "Moderate Buy" and a consensus price target of $2,817.22.

MercadoLibre Stock Performance

Shares of MercadoLibre stock traded up $8.32 on Monday, reaching $2,460.66. The stock had a trading volume of 288,337 shares, compared to its average volume of 366,672. The stock has a market cap of $124.76 billion, a P/E ratio of 60.77, a price-to-earnings-growth ratio of 1.60 and a beta of 1.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. The business's 50-day moving average price is $2,383.72 and its two-hundred day moving average price is $2,323.05. MercadoLibre, Inc. has a fifty-two week low of $1,646.00 and a fifty-two week high of $2,645.22.

MercadoLibre (NASDAQ:MELI - Get Free Report) last released its 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 analyst estimates of $6.57 billion. During the same quarter in the previous year, the company posted $10.48 earnings per share. The business's revenue for the quarter was up 33.8% on a year-over-year basis. On average, sell-side analysts forecast 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.