Kapitalo Investimentos Ltda Makes New Investment in MercadoLibre, Inc. $MELI

Kapitalo Investimentos Ltda purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 455 shares of the company’s stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eschler Asset Management LLP grew its stake in shares of MercadoLibre by 22.8% in the 2nd quarter. Eschler Asset Management LLP now owns 921 shares of the company’s stock valued at $1,563,000 after buying an additional 171 shares during the period. White Knight Strategic Wealth Advisors LLC raised its stake in MercadoLibre by 14.2% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 891 shares of the company’s stock worth $1,512,000 after buying an additional 111 shares during the period. Legal & General Group Plc boosted its holdings in MercadoLibre by 2.1% in the second quarter. Legal & General Group Plc now owns 252,603 shares of the company’s stock worth $428,766,000 after acquiring an additional 5,302 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in MercadoLibre by 25.2% in the second quarter. Jones Financial Companies Lllp now owns 12,426 shares of the company’s stock worth $20,815,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Fiduciary Financial Advisors acquired a new stake in MercadoLibre in the second quarter valued at approximately $104,000. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Up 2.5%

Shares of NASDAQ:MELI opened at $1,997.00 on Wednesday. The stock has a market cap of $101.25 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 1.33 and a beta of 1.34. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.53. MercadoLibre, Inc. has a 12-month low of $1,495.00 and a 12-month high of $2,548.50. The business’s 50 day moving average is $1,805.54 and its 200 day moving average is $1,771.87.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same period in the prior year, the firm posted $10.31 EPS. MercadoLibre’s quarterly revenue was up 49.8% compared to the same quarter last year. On average, sell-side analysts forecast that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Daiwa Securities Group downgraded MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a report on Friday, May 8th. Scotiabank reduced their price target on shares of MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a research report on Thursday, May 7th. Raymond James Financial set a $2,000.00 price target on shares of MercadoLibre in a research note on Friday, May 8th. Barclays lowered their price objective on shares of MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a report on Monday, May 11th. Finally, Morgan Stanley dropped their price objective on shares of MercadoLibre from $2,600.00 to $2,450.00 and set an “overweight” rating on the stock in a research note on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,272.00.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.