Vanguard Personalized Indexing Management LLC Buys 467 Shares of MercadoLibre, Inc. $MELI

Vanguard Personalized Indexing Management LLC raised its stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 20.8% in the second quarter, Holdings Channel reports. The fund owned 2,713 shares of the company’s stock after acquiring an additional 467 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in MercadoLibre were worth $7,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC lifted its holdings 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 valued at $2,251,531,000 after acquiring an additional 18,731 shares during the period. Invesco Ltd. lifted its holdings in shares of MercadoLibre by 22.4% during the first quarter. Invesco Ltd. now owns 570,967 shares of the company’s stock valued at $1,113,881,000 after acquiring an additional 104,554 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of MercadoLibre by 21.2% during the first 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 acquiring an additional 96,283 shares during the period. Generation Investment Management LLP lifted its holdings in shares of MercadoLibre by 3.3% during the first quarter. Generation Investment Management LLP now owns 530,564 shares of the company’s stock valued at $1,035,061,000 after acquiring an additional 16,878 shares during the period. Finally, GQG Partners LLC lifted its holdings in shares of MercadoLibre by 23.5% during the first quarter. GQG Partners LLC now owns 461,875 shares of the company’s stock valued at $901,058,000 after acquiring an additional 87,912 shares during the period. 87.62% of the stock is owned by institutional investors.

MercadoLibre Price Performance

Shares of MELI stock opened at $2,133.67 on Monday. The stock has a 50-day moving average price of $2,363.50 and a 200 day moving average price of $2,347.84. 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 firm has a market cap of $108.18 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.43 and a beta of 1.46. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its quarterly earnings data on Monday, August 4th. The company reported $10.31 EPS for the quarter, missing analysts’ consensus estimates 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%.MercadoLibre’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.48 earnings per share. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MELI. Raymond James Financial reissued a “strong-buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a report on Tuesday, August 5th. Citigroup lowered their target price on MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of MercadoLibre in a research note on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating and issued a $2,800.00 target price on shares of MercadoLibre in a research note on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their target price on MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $2,815.29.

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.