MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,591 shares of the company’s stock after purchasing an additional 3,665 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.11% of MercadoLibre worth $94,639,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MELI. First PREMIER Bank acquired a new stake in shares of MercadoLibre during the first quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in MercadoLibre by 1,600.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17 shares of the company’s stock worth $28,000 after acquiring an additional 16 shares during the last quarter. DSM Capital Partners LLC acquired a new position in MercadoLibre during the 4th quarter worth approximately $36,000. Scarborough Advisors LLC purchased a new stake in shares of MercadoLibre in the 4th quarter valued at approximately $36,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of MercadoLibre in the 2nd quarter valued at $36,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

MercadoLibre Trading Down 0.8 %

Shares of NASDAQ MELI opened at $2,122.37 on Friday. MercadoLibre, Inc. has a 12-month low of $1,141.04 and a 12-month high of $2,143.96. The company has a market cap of $107.60 billion, a price-to-earnings ratio of 94.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.61. The company has a current ratio of 1.28, a quick ratio of 1.26 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $1,860.84 and its 200 day simple moving average is $1,672.76.

MercadoLibre (NASDAQ:MELI) last posted its earnings results on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.53 by $1.95. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.64 billion. MercadoLibre had a return on equity of 43.52% and a net margin of 8.03%. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business posted $5.16 earnings per share. Equities research analysts expect that MercadoLibre, Inc. will post 35.22 EPS for the current year.

Wall Street Analyst Weigh In

MELI has been the topic of several recent analyst reports. BTIG Research increased their target price on MercadoLibre from $2,025.00 to $2,250.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. New Street Research downgraded MercadoLibre from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Bank of America raised their price objective on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup boosted their target price on MercadoLibre from $2,000.00 to $2,200.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Barclays increased their price target on shares of MercadoLibre from $2,000.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,182.92.

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.