MercadoLibre, Inc. $MELI Shares Purchased by Allianz SE

Allianz SE boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 41.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,227 shares of the company’s stock after purchasing an additional 656 shares during the period. Allianz SE’s holdings in MercadoLibre were worth $5,821,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MELI. Bison Wealth LLC purchased a new stake in MercadoLibre during the 4th quarter valued at approximately $206,000. Ballentine Partners LLC purchased a new position in shares of MercadoLibre in the 1st quarter valued at approximately $254,000. Schechter Investment Advisors LLC increased its holdings in shares of MercadoLibre by 7.7% in the first quarter. Schechter Investment Advisors LLC now owns 195 shares of the company’s stock valued at $380,000 after purchasing an additional 14 shares during the period. Stephens Inc. AR increased its holdings in shares of MercadoLibre by 18.8% in the first quarter. Stephens Inc. AR now owns 1,453 shares of the company’s stock valued at $2,835,000 after purchasing an additional 230 shares during the period. Finally, CWM LLC raised its stake in shares of MercadoLibre by 10.7% during the first quarter. CWM LLC now owns 913 shares of the company’s stock worth $1,781,000 after purchasing an additional 88 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

MELI opened at $2,103.91 on Thursday. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The stock has a market cap of $106.66 billion, a P/E ratio of 51.34, a P/E/G ratio of 1.56 and a beta of 1.51. The stock’s 50 day simple moving average is $2,271.75 and its 200 day simple moving average is $2,375.57. 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 (NASDAQ:MELI) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.88 by ($1.56). The firm had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. MercadoLibre had a return on equity of 41.35% and a net margin of 7.93%.The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.83 earnings per share. As a group, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MELI shares. Daiwa Capital Markets assumed coverage on shares of MercadoLibre in a research report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price objective on the stock. Benchmark lowered their target price on shares of MercadoLibre from $2,875.00 to $2,780.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wedbush boosted their price target on shares of MercadoLibre from $2,700.00 to $2,800.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Susquehanna reduced their price objective on shares of MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. Finally, Cantor Fitzgerald lowered their price objective 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,861.25.

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.