MercadoLibre, Inc. $MELI Stock Holdings Increased by KBC Group NV

KBC Group NV grew its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 46.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,626 shares of the company’s stock after buying an additional 18,393 shares during the period. KBC Group NV owned about 0.11% of MercadoLibre worth $150,613,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC bought a new position in MercadoLibre during the first quarter worth $25,000. Close Asset Management Ltd raised its holdings in shares of MercadoLibre by 366.7% during the first quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock worth $27,000 after purchasing an additional 11 shares during the period. Brooklyn Investment Group lifted its position in shares of MercadoLibre by 650.0% in the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock worth $29,000 after buying an additional 13 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of MercadoLibre in the 1st quarter valued at about $29,000. Finally, Saudi Central Bank bought a new stake in shares of MercadoLibre during the 1st quarter valued at about $35,000. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MELI has been the topic of several recent research reports. Cantor Fitzgerald cut their price target on MercadoLibre from $2,900.00 to $2,750.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Jefferies Financial Group reissued a “hold” rating and set a $2,800.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Benchmark cut their price target on MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. Finally, Daiwa Capital Markets assumed coverage on MercadoLibre in a research report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2,861.25.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,099.57 on Wednesday. The stock has a market cap of $106.44 billion, a price-to-earnings ratio of 51.23, a PEG ratio of 1.56 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22. The stock’s 50 day moving average price is $2,277.14 and its 200 day moving average price is $2,377.49.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a net margin of 7.93% and a return on equity of 41.35%. The firm had revenue of $7.41 billion during the quarter, compared to analyst estimates of $7.19 billion. During the same quarter last year, the company earned $7.83 EPS. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. Equities research analysts anticipate that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

MercadoLibre Company Profile

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.