WINTON GROUP Ltd Acquires 730 Shares of MercadoLibre, Inc. $MELI

WINTON GROUP Ltd grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 9.3% in the second quarter, HoldingsChannel reports. The fund owned 8,620 shares of the company’s stock after purchasing an additional 730 shares during the quarter. WINTON GROUP Ltd’s holdings in MercadoLibre were worth $14,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MELI. Bison Wealth LLC bought a new position in shares of MercadoLibre in the fourth quarter worth about $206,000. Empowered Funds LLC increased its holdings in MercadoLibre by 6.9% in the 1st quarter. Empowered Funds LLC now owns 760 shares of the company’s stock worth $1,483,000 after acquiring an additional 49 shares in the last quarter. Focus Partners Wealth raised its stake in MercadoLibre by 42.0% during the 1st quarter. Focus Partners Wealth now owns 602 shares of the company’s stock worth $1,176,000 after acquiring an additional 178 shares during the period. Sivia Capital Partners LLC purchased a new position in MercadoLibre during the second quarter valued at approximately $261,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of MercadoLibre by 21.4% in the second quarter. Gamco Investors INC. ET AL now owns 170 shares of the company’s stock worth $444,000 after purchasing an additional 30 shares during the period. 87.62% of the stock is owned by institutional investors.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $1,876.33 on Thursday. The firm has a market cap of $95.13 billion, a price-to-earnings ratio of 51.03, a P/E/G ratio of 1.32 and a beta of 1.31. The firm has a fifty day moving average price of $1,872.60 and a 200 day moving average price of $1,768.04. MercadoLibre, Inc. has a fifty-two week low of $1,495.00 and a fifty-two week high of $2,548.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.12.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings results on Thursday, August 6th. The company reported $9.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.65 by $0.54. The company had revenue of $10.17 billion for the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. MercadoLibre’s revenue for the quarter was up 49.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.31 EPS. As a group, sell-side analysts expect that MercadoLibre, Inc. will post 39.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MELI shares. Weiss Ratings reissued a “hold (c)” rating on shares of MercadoLibre in a research note on Thursday, July 2nd. Citigroup increased their price target on MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Zacks Research raised MercadoLibre from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. UBS Group lowered their price objective on MercadoLibre from $2,050.00 to $1,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upped their price objective on MercadoLibre from $1,900.00 to $2,150.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and a consensus target price of $2,272.00.

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 began as an online marketplace and has expanded into a broad platform serving consumers, merchants and businesses.

Its marketplace enables users to buy and sell products across categories, while Mercado Pago provides digital payments, online checkout, money transfers and other financial services. The company also offers Mercado Envíos logistics and fulfillment services, Mercado Ads advertising solutions, and credit products through Mercado Crédito.