XTX Topco Ltd Takes $652,000 Position in MercadoLibre, Inc. (NASDAQ:MELI)

Key Points

• XTX Topco Ltd acquired 334 shares of MercadoLibre, Inc. (NASDAQ:MELI), valued at approximately $652,000, during the first quarter, highlighting increasing institutional interest in the stock.
• Wall Street analysts have a generally positive outlook on MercadoLibre, with price targets ranging from $2,700 to $3,500 and an average rating of "Moderate Buy."
• Despite reporting earnings of $10.31 per share, MercadoLibre missed analysts' estimates of $12.01, even as its revenue increased by 33.8% year-over-year.

XTX Topco Ltd acquired a new position in shares of MercadoLibre, Inc. (NASDAQ:MELI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 334 shares of the company's stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Key Financial Inc acquired a new stake in MercadoLibre during the 1st quarter valued at approximately $25,000. GW&K Investment Management LLC acquired a new position in MercadoLibre during the first quarter valued at $25,000. Close Asset Management Ltd boosted its holdings in MercadoLibre by 366.7% in the first quarter. Close Asset Management Ltd now owns 14 shares of the company's stock valued at $27,000 after purchasing an additional 11 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in MercadoLibre during the 4th quarter worth about $26,000. Finally, Covestor Ltd acquired a new stake in MercadoLibre during the 4th quarter worth about $27,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Up 0.8%

NASDAQ MELI traded up $17.60 during trading on Thursday, reaching $2,334.82. The company's stock had a trading volume of 352,014 shares, compared to its average volume of 396,703. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $118.38 billion, a PE ratio of 57.66, a PEG ratio of 1.44 and a beta of 1.46. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The business has a 50-day moving average price of $2,445.98 and a 200-day moving average price of $2,234.89.

MercadoLibre (NASDAQ:MELI - Get Free Report) last issued its quarterly 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 business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a return on equity of 46.11% and a net margin of 8.52%. The firm's quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.48 earnings per share. On average, research analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MELI shares. Citigroup reiterated a "buy" rating on shares of MercadoLibre in a research report on Friday, June 6th. Susquehanna reiterated a "positive" rating and set a $2,975.00 target price (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a report on Friday, August 1st. They issued a "buy" rating and a $3,000.00 price target for the company. UBS Group set a $3,000.00 price objective on shares of MercadoLibre in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of MercadoLibre from $2,640.00 to $3,000.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $2,795.00.

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.