Warther Private Wealth LLC Purchases New Shares in MercadoLibre, Inc. $MELI

Key Points

• Warther Private Wealth LLC acquired a new stake in MercadoLibre, Inc., purchasing 8,594 shares valued at approximately $22.46 million, making it the firm's 10th largest holding.
• MercadoLibre reported a missed earnings estimate for the last quarter, with EPS of $10.31 compared to an expected $12.01, yet revenue increased by 33.8% year-over-year to $6.79 billion.
• Analysts have mixed ratings on MercadoLibre, with price targets ranging from $2,700 to $3,000, indicating a generally positive outlook despite recent price adjustments.

Warther Private Wealth LLC purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,594 shares of the company's stock, valued at approximately $22,462,000. MercadoLibre accounts for about 5.8% of Warther Private Wealth LLC's holdings, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jennison Associates LLC raised its holdings in MercadoLibre by 1.6% during the 1st quarter. Jennison Associates LLC now owns 1,154,116 shares of the company's stock valued at $2,251,531,000 after buying an additional 18,731 shares during the period. Invesco Ltd. raised its holdings in MercadoLibre by 22.4% during the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company's stock valued at $1,113,881,000 after buying an additional 104,554 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in MercadoLibre by 21.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company's stock valued at $1,073,823,000 after buying an additional 96,283 shares during the period. Generation Investment Management LLP raised its holdings in MercadoLibre by 3.3% during the 1st quarter. Generation Investment Management LLP now owns 530,564 shares of the company's stock valued at $1,035,061,000 after buying an additional 16,878 shares during the period. Finally, GQG Partners LLC grew its position in MercadoLibre by 23.5% in the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company's stock valued at $901,058,000 after acquiring an additional 87,912 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

MercadoLibre Price Performance

MELI opened at $2,095.21 on Thursday. 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 business's fifty day simple moving average is $2,323.69 and its 200-day simple moving average is $2,351.01. The company has a market capitalization of $106.23 billion, a price-to-earnings ratio of 51.75, a PEG ratio of 1.45 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI - Get Free Report) last posted 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 return on equity of 43.06% and a net margin of 8.52%.The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the previous year, the company posted $10.48 EPS. MercadoLibre's quarterly revenue was up 33.8% compared to the same quarter last year. On average, equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MELI has been the topic of several research analyst reports. Barclays cut their price objective on MercadoLibre from $3,000.00 to $2,800.00 and set an "overweight" rating on the stock in a research report on Tuesday. Daiwa Capital Markets initiated coverage on MercadoLibre in a research report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price objective on the stock. Benchmark reaffirmed a "buy" rating and issued a $2,875.00 price objective on shares of MercadoLibre in a research report on Tuesday. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Citigroup cut their price objective on MercadoLibre from $2,850.00 to $2,700.00 and set a "buy" rating on the stock in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $2,799.12.

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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