MercadoLibre, Inc. (NASDAQ:MELI) Shares Acquired by Bensler LLC

Bensler LLC lifted its stake in MercadoLibre, Inc. (NASDAQ:MELI) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,581 shares of the company’s stock after purchasing an additional 133 shares during the quarter. MercadoLibre comprises about 1.2% of Bensler LLC’s holdings, making the stock its 29th largest holding. Bensler LLC’s holdings in MercadoLibre were worth $9,401,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in MELI. Raymond James & Associates grew its position in MercadoLibre by 4.8% in the second quarter. Raymond James & Associates now owns 34,840 shares of the company’s stock worth $57,256,000 after acquiring an additional 1,604 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of MercadoLibre by 20.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,642 shares of the company’s stock valued at $41,794,000 after purchasing an additional 4,658 shares during the last quarter. Caprock Group LLC lifted its stake in shares of MercadoLibre by 143.7% in the 2nd quarter. Caprock Group LLC now owns 580 shares of the company’s stock valued at $955,000 after purchasing an additional 342 shares during the last quarter. Sarasin & Partners LLP grew its holdings in shares of MercadoLibre by 168.5% during the 2nd quarter. Sarasin & Partners LLP now owns 45,407 shares of the company’s stock worth $74,622,000 after purchasing an additional 28,494 shares during the period. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of MercadoLibre during the 2nd quarter worth about $875,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MELI. Citigroup upped their target price on shares of MercadoLibre from $2,200.00 to $2,480.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of MercadoLibre from $2,180.00 to $2,480.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Morgan Stanley increased their price objective on shares of MercadoLibre from $2,175.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Dbs Bank raised MercadoLibre from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. cut MercadoLibre from an “overweight” rating to a “neutral” rating and set a $2,400.00 price target on the stock. in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,309.67.

MercadoLibre Price Performance

Shares of NASDAQ MELI opened at $1,774.05 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.28 and a quick ratio of 1.26. The company has a market cap of $89.94 billion, a price-to-earnings ratio of 64.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.61. The stock’s 50-day moving average is $2,055.08 and its two-hundred day moving average is $1,819.36. MercadoLibre, Inc. has a 1-year low of $1,324.99 and a 1-year high of $2,161.73.

MercadoLibre (NASDAQ:MELI) last issued its earnings results on Wednesday, November 6th. The company reported $7.83 earnings per share for the quarter, missing the consensus estimate of $11.27 by ($3.44). The firm had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.25 billion. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. Analysts forecast that MercadoLibre, Inc. will post 37.7 EPS for the current fiscal year.

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.