MercadoLibre, Inc. $MELI Shares Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 106.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 778 shares of the company’s stock after purchasing an additional 401 shares during the quarter. MGO One Seven LLC’s holdings in MercadoLibre were worth $1,345,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedbush Fund Advisers LLC acquired a new position in shares of MercadoLibre during the second quarter valued at about $29,000. Twin Lakes Capital Management LLC bought a new position in shares of MercadoLibre during the 2nd quarter worth about $31,000. NBT Bank N.A. acquired a new stake in shares of MercadoLibre in the 3rd quarter valued at about $35,000. Markowski Investments acquired a new stake in shares of MercadoLibre in the 2nd quarter valued at about $36,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of MercadoLibre in the 3rd quarter valued at about $40,000. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MercadoLibre in a research note on Tuesday, September 29th. JPMorgan Chase & Co. increased their price target on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Cantor Fitzgerald decreased their price objective on MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Finally, New Street Research started coverage on MercadoLibre in a research report on Wednesday, September 23rd. They set a “buy” rating and a $2,450.00 target price on the stock. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,248.75.

MercadoLibre Stock Up 4.7%

MercadoLibre stock opened at $1,739.88 on Thursday. MercadoLibre, Inc. has a 1-year low of $1,495.00 and a 1-year high of $2,342.00. The firm has a market capitalization of $88.21 billion, a price-to-earnings ratio of 47.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. The firm’s fifty day moving average price is $1,824.83 and its two-hundred day moving average price is $1,809.90. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $8.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.27 by ($0.44). The business had revenue of $10.75 billion for the quarter, compared to analyst estimates of $10.69 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The firm’s quarterly revenue was up 45.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.32 earnings per share. On average, equities research analysts predict that MercadoLibre, Inc. will post 38.09 earnings per share for the current fiscal year.

MercadoLibre News Summary

Here are the key news stories impacting MercadoLibre this week:

• Positive Sentiment: Revenue and financial income rose 45% year over year to $10.75 billion, topping analyst expectations; Brazil was the strongest-growth market. Q3 results
• Negative Sentiment: EPS of $8.83 missed analyst estimates. Operating income was $676 million, with a 6.3% margin that eased sequentially as MercadoLibre invested in fulfillment capacity and absorbed higher logistics costs. Reuters report
• Negative Sentiment: Spending on shipping, marketing and credit contributed to further margin pressure. Currency-neutral revenue growth also slowed for a fourth consecutive quarter, raising concerns that rapid sales growth may not translate into profit growth as quickly as investors had hoped. Earnings reaction

MercadoLibre Profile

MercadoLibre, Inc is a technology company that operates an online commerce and financial services ecosystem across Latin America. Founded in 1999 by Marcos Galperin, the company initially developed an online marketplace and has expanded into a broad platform connecting buyers and sellers with businesses and consumers.

Its commerce operations include the MercadoLibre marketplace, where users can purchase and sell products across numerous categories. The company also offers supporting services such as Mercado Envíos for shipping and logistics, Mercado Ads for digital advertising, and tools for merchants to manage their online businesses.

MercadoLibre’s financial technology business is centered on Mercado Pago, which provides digital payment processing, online checkout, money transfer and account services.