MercadoLibre, Inc. $MELI Stock Bought by MGO One Seven LLC

MGO One Seven LLC increased its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 106.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 778 shares of the company’s stock after buying an additional 401 shares during the quarter. MGO One Seven LLC’s holdings in MercadoLibre were worth $1,345,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Y.D. More Investments Ltd raised its position in MercadoLibre by 24.0% in the 1st quarter. Y.D. More Investments Ltd now owns 31 shares of the company’s stock valued at $53,000 after buying an additional 6 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in MercadoLibre by 2.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 212 shares of the company’s stock valued at $367,000 after acquiring an additional 6 shares in the last quarter. Moody National Bank Trust Division boosted its holdings in MercadoLibre by 0.8% during the 2nd quarter. Moody National Bank Trust Division now owns 733 shares of the company’s stock worth $1,244,000 after acquiring an additional 6 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in MercadoLibre by 0.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,227 shares of the company’s stock worth $2,083,000 after acquiring an additional 6 shares during the last quarter. Finally, Matrix Trust Co boosted its holdings in MercadoLibre by 1.3% during the 3rd quarter. Matrix Trust Co now owns 458 shares of the company’s stock worth $792,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

MELI has been the subject of several analyst reports. Susquehanna increased their target price on shares of MercadoLibre to $2,400.00 and gave the company a “positive” rating in a report on Tuesday, October 6th. Citigroup raised shares of MercadoLibre from a “neutral” rating to a “buy” rating and dropped their price target for the company from $2,100.00 to $2,050.00 in a research report on Tuesday, October 27th. Zacks Research upgraded shares of MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. BTIG Research reaffirmed a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research report on Tuesday, October 27th. Finally, Cantor Fitzgerald decreased their price objective on shares of MercadoLibre from $2,300.00 to $2,200.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and an average target price of $2,248.75.

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 Stock Performance

Shares of MercadoLibre stock opened at $1,739.88 on Thursday. The business’s fifty day simple moving average is $1,824.83 and its 200 day simple moving average is $1,809.90. The firm has a market capitalization of $88.21 billion, a P/E ratio of 47.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. MercadoLibre, Inc. has a 12 month low of $1,495.00 and a 12 month high of $2,342.00. 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 announced 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). MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The business had revenue of $10.75 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the company earned $8.32 EPS. The firm’s revenue for the quarter was up 45.1% compared to the same quarter last year. As a group, analysts anticipate that MercadoLibre, Inc. will post 38.09 EPS for the current year.

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.