Banco Bilbao Vizcaya Argentaria S.A. Has $12.15 Million Stake in MercadoLibre, Inc. $MELI

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 53.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,658 shares of the company’s stock after acquiring an additional 1,619 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in MercadoLibre were worth $12,153,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Invesco Ltd. grew its holdings in MercadoLibre by 22.4% in 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 shares of 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 worth $1,073,823,000 after purchasing an additional 96,283 shares in the last quarter. GQG Partners LLC boosted its position in shares of MercadoLibre by 23.5% during the 1st 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 in the last quarter. Jennison Associates LLC grew its stake in shares of MercadoLibre by 7.0% in the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock valued at $3,228,460,000 after buying an additional 81,124 shares during the period. Finally, Nuveen LLC bought a new stake in MercadoLibre in the 1st quarter valued at about $143,367,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MELI. BTIG Research reiterated a “buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Friday. Barclays upped their target price on MercadoLibre from $2,800.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Daiwa Capital Markets started coverage on MercadoLibre in a report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 target price on the stock. Benchmark decreased their price target on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Jefferies Financial Group restated a “hold” rating and set a $2,800.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $2,854.71.

MercadoLibre Trading Up 0.9%

Shares of MercadoLibre stock opened at $2,048.89 on Friday. The company has a market capitalization of $103.87 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 1.56 and a beta of 1.51. The stock has a fifty day simple moving average of $2,256.65 and a 200 day simple moving average of $2,372.07. 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.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share 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 company had revenue of $7.41 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same quarter last year, the business posted $7.83 earnings per share. MercadoLibre’s revenue was up 39.5% on a year-over-year basis. On average, sell-side analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

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.