L. Roy Papp & Associates LLP Purchases Shares of 100 MercadoLibre, Inc. $MELI

L. Roy Papp & Associates LLP purchased a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 100 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MELI. Invesco Ltd. raised its position in MercadoLibre by 22.4% during the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock valued at $1,113,881,000 after purchasing an additional 104,554 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in MercadoLibre by 21.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company’s stock valued at $1,073,823,000 after purchasing an additional 96,283 shares during the last quarter. GQG Partners LLC raised its position in MercadoLibre by 23.5% during the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock valued at $901,058,000 after purchasing an additional 87,912 shares during the last quarter. Nuveen LLC bought a new position in MercadoLibre during the 1st quarter valued at approximately $143,367,000. Finally, Goldman Sachs Group Inc. raised its position in shares of MercadoLibre by 18.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 450,444 shares of the company’s stock worth $878,757,000 after acquiring an additional 70,834 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,275.00 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $115.34 billion, a P/E ratio of 56.19, a PEG ratio of 1.46 and a beta of 1.46. The stock’s 50 day moving average is $2,368.34 and its 200 day moving average is $2,344.62. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.48 EPS. On average, equities research analysts predict that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MELI has been the subject of several research reports. Wall Street Zen lowered MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Wedbush set a $2,700.00 target price on MercadoLibre and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. decreased their target price on MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Daiwa Capital Markets initiated coverage on MercadoLibre in a research report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 target price for the company. Finally, Barclays decreased their target price on MercadoLibre from $3,100.00 to $3,000.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $2,814.44.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.