JSF Financial LLC Makes New $227,000 Investment in MercadoLibre, Inc. $MELI

JSF Financial LLC purchased a new stake in MercadoLibre, Inc. (NASDAQ:MELI) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 87 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its position in shares of MercadoLibre by 1.6% during the first quarter. Jennison Associates LLC now owns 1,154,116 shares of the company’s stock worth $2,251,531,000 after purchasing an additional 18,731 shares in the last quarter. Invesco Ltd. grew its stake in MercadoLibre by 22.4% during the 1st quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock worth $1,113,881,000 after buying an additional 104,554 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 worth $1,073,823,000 after buying an additional 96,283 shares during the last quarter. Generation Investment Management LLP grew its stake in MercadoLibre by 3.3% during the 1st quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock worth $1,035,061,000 after buying an additional 16,878 shares during the last quarter. Finally, GQG Partners LLC grew its stake in MercadoLibre by 23.5% during the 1st quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock worth $901,058,000 after buying an additional 87,912 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

MercadoLibre Stock Down 3.3%

MELI stock opened at $2,172.75 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. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The stock has a market capitalization of $110.16 billion, a P/E ratio of 53.66, a P/E/G ratio of 1.44 and a beta of 1.46. The firm has a 50-day simple moving average of $2,382.29 and a 200-day simple moving average of $2,343.55.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on MELI. Benchmark reissued a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, August 5th. Wedbush set a $2,700.00 price objective on shares of MercadoLibre and gave the company an “outperform” rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of MercadoLibre in a research report on Saturday, September 27th. Cantor Fitzgerald upped their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating on the stock in a research note on Friday. One investment 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,822.78.

MercadoLibre 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.