Vanguard Personalized Indexing Management LLC Has $7.10 Million Position in MercadoLibre, Inc. $MELI

Key Points

• Vanguard Personalized Indexing Management LLC has increased its investment in MercadoLibre, Inc. by 20.8%, bringing its total position to approximately $7.10 million as of the second quarter.
• MercadoLibre's recent earnings report showed an EPS of $10.31, falling short of analysts’ expectations, despite a 33.8% increase in yearly revenue.
• Institutional investors own 87.62% of MercadoLibre's shares, indicating significant confidence in the company from major financial institutions.

Vanguard Personalized Indexing Management LLC increased its position in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 20.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,713 shares of the company's stock after buying an additional 467 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in MercadoLibre were worth $7,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MELI. Invesco Ltd. boosted its position in MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company's stock worth $1,113,881,000 after purchasing an additional 104,554 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in MercadoLibre by 21.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company's stock worth $1,073,823,000 after purchasing an additional 96,283 shares during the period. GQG Partners LLC boosted its position in MercadoLibre by 23.5% during the first quarter. GQG Partners LLC now owns 461,875 shares of the company's stock worth $901,058,000 after purchasing an additional 87,912 shares during the period. Nuveen LLC bought a new stake in MercadoLibre during the first quarter worth approximately $143,367,000. Finally, Goldman Sachs Group Inc. boosted its position in MercadoLibre by 18.7% during the first quarter. Goldman Sachs Group Inc. now owns 450,444 shares of the company's stock worth $878,757,000 after purchasing an additional 70,834 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

MercadoLibre Stock Performance

Shares of NASDAQ MELI opened at $2,133.67 on Monday. The business has a fifty day simple moving average of $2,363.50 and a 200 day simple moving average of $2,347.84. 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 firm has a market capitalization of $108.18 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.43 and a beta of 1.46. 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 issued its earnings results on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing analysts' consensus estimates of $12.01 by ($1.70). The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. The business's revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.48 earnings per share. Sell-side analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on MercadoLibre from $2,700.00 to $2,600.00 and set a "neutral" rating for the company in a research report on Friday, October 3rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $2,750.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Wedbush set a $2,700.00 price objective on MercadoLibre and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Wall Street Zen cut MercadoLibre from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, Cantor Fitzgerald increased their price objective on MercadoLibre from $2,700.00 to $2,900.00 and gave the company an "overweight" rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2,815.29.

MercadoLibre Company 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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