KPP Advisory Services LLC Has $1.51 Million Stake in MercadoLibre, Inc. $MELI

KPP Advisory Services LLC grew its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 578 shares of the company’s stock after acquiring an additional 13 shares during the period. KPP Advisory Services LLC’s holdings in MercadoLibre were worth $1,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Prime Capital Investment Advisors LLC grew its position in shares of MercadoLibre by 7.9% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 865 shares of the company’s stock worth $2,261,000 after buying an additional 63 shares during the period. Capital Advisors Inc. OK raised its holdings in shares of MercadoLibre by 5.2% in the 2nd quarter. Capital Advisors Inc. OK now owns 16,140 shares of the company’s stock worth $42,183,000 after acquiring an additional 799 shares during the last quarter. Autumn Glory Partners LLC bought a new position in shares of MercadoLibre in the second quarter valued at approximately $222,000. PUREfi Wealth LLC purchased a new position in MercadoLibre during the 2nd quarter worth $267,000. Finally, Valeo Financial Advisors LLC boosted its holdings in MercadoLibre by 17,665.1% during the second quarter. Valeo Financial Advisors LLC now owns 65,731 shares of the company’s stock worth $171,797,000 after purchasing an additional 65,361 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

MercadoLibre Price Performance

Shares of NASDAQ:MELI opened at $2,172.75 on Monday. MercadoLibre, Inc. has a twelve month low of $1,646.00 and a twelve month high of $2,645.22. The firm’s 50 day moving average price is $2,382.29 and its 200-day moving average price is $2,345.48. 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 stock has a market capitalization of $110.15 billion, a PE ratio of 53.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Monday, August 4th. The company reported $10.31 EPS 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 during the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the prior year, the business posted $10.48 earnings per share. MercadoLibre’s revenue for the quarter was up 33.8% compared to the same quarter last year. Equities research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MELI shares. Weiss Ratings restated a “buy (b)” rating on shares of MercadoLibre in a research note on Saturday, September 27th. Jefferies Financial Group restated a “hold” rating and set a $2,800.00 target price on shares of MercadoLibre in a research report on Tuesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $2,750.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Benchmark restated a “buy” rating and issued a $2,875.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Barclays lowered 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 report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average 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.