Kapitalo Investimentos Ltda Takes Position in MercadoLibre, Inc. $MELI

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in MercadoLibre in the second quarter valued at $2,246,015,000. Capital Research Global Investors lifted its holdings in MercadoLibre by 22.5% during the 4th quarter. Capital Research Global Investors now owns 2,225,031 shares of the company’s stock worth $4,481,812,000 after buying an additional 408,939 shares during the period. Norges Bank bought a new stake in shares of MercadoLibre in the 4th quarter valued at about $597,045,000. Royal Bank of Canada grew its position in shares of MercadoLibre by 114.2% in the 1st quarter. Royal Bank of Canada now owns 444,603 shares of the company’s stock valued at $768,728,000 after buying an additional 237,008 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of MercadoLibre by 184.8% in the fourth quarter. Marshall Wace LLP now owns 311,818 shares of the company’s stock valued at $628,083,000 after buying an additional 202,322 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

MELI has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $2,150.00 price objective on shares of MercadoLibre in a research note on Thursday, August 6th. Raymond James Financial set a $2,000.00 target price on shares of MercadoLibre in a research report on Friday, May 8th. The Goldman Sachs Group set a $2,100.00 price target on shares of MercadoLibre in a report on Wednesday, May 13th. Citigroup boosted their price target on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, UBS Group reduced their price objective on shares of MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,272.00.

MercadoLibre Stock Up 2.5%

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

MercadoLibre (NASDAQ:MELI) last released its earnings results on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, topping the consensus estimate of $8.65 by $0.54. The business had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.79 billion. MercadoLibre had a return on equity of 26.54% and a net margin of 5.30%.The firm’s revenue was up 49.8% on a year-over-year basis. During the same quarter last year, the firm posted $10.31 earnings per share. Equities research analysts predict that MercadoLibre, Inc. will post 39.11 earnings per share for the current year.

MercadoLibre 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.