MercadoLibre, Inc. $MELI Holdings Boosted by Slow Capital Inc.

Slow Capital Inc. grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 0.4% in the second quarter, Holdings Channel.com reports. The firm owned 14,908 shares of the company’s stock after purchasing an additional 63 shares during the period. MercadoLibre comprises approximately 4.8% of Slow Capital Inc.’s investment portfolio, making the stock its 4th largest position. Slow Capital Inc.’s holdings in MercadoLibre were worth $38,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Key Financial Inc purchased a new stake in MercadoLibre in the 1st quarter worth about $25,000. GW&K Investment Management LLC purchased a new position in MercadoLibre during the 1st quarter valued at about $25,000. Close Asset Management Ltd increased its holdings in shares of MercadoLibre by 366.7% in the 1st 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 period. Brooklyn Investment Group lifted its position in shares of MercadoLibre by 650.0% in the first quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after purchasing an additional 13 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of MercadoLibre during the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

MercadoLibre Trading Down 0.9%

MercadoLibre stock opened at $2,154.22 on Tuesday. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company’s fifty day moving average price is $2,378.30 and its two-hundred day moving average price is $2,345.89. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The company has a market capitalization of $109.22 billion, a price-to-earnings ratio of 53.20, a PEG ratio of 1.45 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business’s revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the company posted $10.48 EPS. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MELI. Susquehanna reiterated a “positive” rating and issued a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Citigroup dropped their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Daiwa Capital Markets assumed coverage on MercadoLibre in a research report on Friday, August 1st. They set a “buy” rating and a $3,000.00 price objective for the company. Wall Street Zen lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Finally, Cantor Fitzgerald raised their price target on MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,822.78.

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.