MercadoLibre, Inc. $MELI Shares Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE raised its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 0.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,270 shares of the company’s stock after acquiring an additional 63 shares during the quarter. Flossbach Von Storch SE’s holdings in MercadoLibre were worth $26,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Bison Wealth LLC acquired a new position in MercadoLibre during the 4th quarter worth approximately $206,000. Brown Advisory Inc. raised its stake in shares of MercadoLibre by 8.3% during the first quarter. Brown Advisory Inc. now owns 678 shares of the company’s stock valued at $1,323,000 after purchasing an additional 52 shares during the period. Greenleaf Trust lifted its position in shares of MercadoLibre by 12.1% during the first quarter. Greenleaf Trust now owns 148 shares of the company’s stock worth $289,000 after purchasing an additional 16 shares in the last quarter. Leavell Investment Management Inc. acquired a new position in shares of MercadoLibre during the first quarter worth $224,000. Finally, Genus Capital Management Inc. boosted its stake in shares of MercadoLibre by 176.2% in the first quarter. Genus Capital Management Inc. now owns 115 shares of the company’s stock valued at $224,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MercadoLibre in a research note on Friday, October 31st. Scotiabank initiated coverage on MercadoLibre in a research report on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 target price on the stock. Citigroup cut their price target on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Cantor Fitzgerald reduced their price target on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Barclays lifted their price objective on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and an average price target of $2,861.25.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,108.60 on Friday. The stock has a market capitalization of $106.90 billion, a price-to-earnings ratio of 51.45, a PEG ratio of 1.56 and a beta of 1.51. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company’s 50-day simple moving average is $2,290.36 and its 200-day simple moving average is $2,377.50. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The firm had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the previous year, the company earned $7.83 EPS. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal 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.