Atlatl Advisers LLC Acquires New Holdings in MercadoLibre, Inc. $MELI

Atlatl Advisers LLC acquired a new stake in shares of MercadoLibre, Inc. (NASDAQ:MELI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 128 shares of the company’s stock, valued at approximately $335,000.

Other institutional investors also recently added to or reduced their stakes in the company. Ninety One North America Inc. boosted its position in MercadoLibre by 21.5% during the second quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after purchasing an additional 1,080 shares in the last quarter. Banco Santander S.A. boosted its position in MercadoLibre by 221.9% during the first quarter. Banco Santander S.A. now owns 2,746 shares of the company’s stock valued at $5,357,000 after purchasing an additional 1,893 shares in the last quarter. Stratos Investment Management LLC bought a new stake in MercadoLibre during the first quarter valued at about $203,000. Costello Asset Management INC boosted its position in MercadoLibre by 434.3% during the second quarter. Costello Asset Management INC now owns 577 shares of the company’s stock valued at $1,509,000 after purchasing an additional 469 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in MercadoLibre by 8.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,257 shares of the company’s stock valued at $5,899,000 after buying an additional 177 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Stock Performance

Shares of NASDAQ:MELI opened at $2,161.11 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.20 and a quick ratio of 1.18. The business’s 50 day moving average price is $2,315.64 and its 200-day moving average price is $2,359.44. The firm has a market capitalization of $109.57 billion, a PE ratio of 53.37, a P/E/G ratio of 1.47 and a beta of 1.46. MercadoLibre, Inc. has a 1 year low of $1,646.00 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last issued its quarterly earnings results on Monday, August 4th. The company reported $10.31 earnings per share (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%.The business’s revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the firm earned $10.48 earnings per share. As a group, equities research analysts expect that MercadoLibre, Inc. will post 43.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

MELI has been the subject of a number of research analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Barclays decreased their price target on MercadoLibre from $3,000.00 to $2,800.00 and set an “overweight” rating for the company in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a research note on Tuesday, October 21st. Daiwa Capital Markets began coverage on MercadoLibre in a research note on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price target for the company. Finally, Susquehanna reduced their price objective on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,799.12.

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.