MercadoLibre, Inc. $MELI Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its position in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 8.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,257 shares of the company’s stock after acquiring an additional 177 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in MercadoLibre were worth $5,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MELI. Bison Wealth LLC acquired a new position in MercadoLibre during the 4th quarter worth approximately $206,000. Rhumbline Advisers grew its holdings in MercadoLibre by 4.4% during the 1st quarter. Rhumbline Advisers now owns 10,365 shares of the company’s stock worth $20,221,000 after acquiring an additional 437 shares in the last quarter. NBC Securities Inc. acquired a new position in MercadoLibre during the 1st quarter worth approximately $72,000. Merit Financial Group LLC grew its holdings in MercadoLibre by 7.7% during the 1st quarter. Merit Financial Group LLC now owns 757 shares of the company’s stock worth $1,477,000 after acquiring an additional 54 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in MercadoLibre by 125.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 79 shares of the company’s stock worth $154,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

MercadoLibre Stock Down 3.3%

Shares of MercadoLibre stock opened at $2,172.75 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20. MercadoLibre, Inc. has a one year low of $1,646.00 and a one year high of $2,645.22. The company has a market cap of $110.16 billion, a P/E ratio of 53.66, a PEG ratio of 1.44 and a beta of 1.46. The firm has a fifty day moving average of $2,382.29 and a two-hundred day moving average of $2,343.55.

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 analysts’ consensus estimates of $12.01 by ($1.70). MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. During the same period last year, the company earned $10.48 earnings per share. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. On average, analysts forecast that MercadoLibre, Inc. will post 43.96 earnings per share for the current year.

Analyst Ratings Changes

MELI has been the subject of several analyst reports. Scotiabank initiated coverage on shares of MercadoLibre in a report on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 price target for the company. Wedbush set a $2,700.00 price objective on shares of MercadoLibre and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Susquehanna restated a “positive” rating and set a $2,975.00 price objective (up previously from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Finally, Barclays reduced their price objective on shares of 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 analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.