Universal Beteiligungs und Servicegesellschaft mbH Increases Position in MercadoLibre, Inc. $MELI

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 0.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,903 shares of the company’s stock after purchasing an additional 684 shares during the period. MercadoLibre accounts for 0.6% of Universal Beteiligungs und Servicegesellschaft mbH’s portfolio, making the stock its 19th largest position. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.26% of MercadoLibre worth $342,132,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ninety One North America Inc. lifted its holdings in shares of MercadoLibre by 21.5% during the second quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after purchasing an additional 1,080 shares in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in MercadoLibre by 4.0% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 15,308 shares of the company’s stock worth $39,900,000 after buying an additional 585 shares in the last quarter. Banco Santander S.A. raised its position in MercadoLibre by 221.9% in the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company’s stock worth $5,357,000 after buying an additional 1,893 shares during the last quarter. Jennison Associates LLC lifted its stake in MercadoLibre by 7.0% during the 2nd quarter. Jennison Associates LLC now owns 1,235,240 shares of the company’s stock valued at $3,228,460,000 after acquiring an additional 81,124 shares during the period. Finally, Achmea Investment Management B.V. lifted its stake in MercadoLibre by 10.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 5,326 shares of the company’s stock valued at $13,921,000 after acquiring an additional 525 shares during the period. 87.62% of the stock is owned by institutional investors.

MercadoLibre Price Performance

NASDAQ MELI opened at $2,048.89 on Friday. 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, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The stock has a market cap of $103.87 billion, a price-to-earnings ratio of 50.00, a PEG ratio of 1.56 and a beta of 1.51. The company’s 50 day moving average is $2,256.65 and its two-hundred day moving average is $2,372.71.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on MELI. Susquehanna lowered their price objective on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating on the stock in a research report on Monday, October 13th. BTIG Research reissued a “buy” rating and set a $2,750.00 price target on shares of MercadoLibre in a report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. Jefferies Financial Group reissued a “hold” rating and issued a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Citigroup reduced their price target on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MercadoLibre presently has a consensus rating of “Moderate Buy” and an average price target of $2,854.71.

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.