Robeco Institutional Asset Management B.V. Raises Stake in MercadoLibre, Inc. $MELI

Robeco Institutional Asset Management B.V. boosted its holdings in shares of MercadoLibre, Inc. (NASDAQ:MELI) by 52.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,118 shares of the company’s stock after acquiring an additional 52,795 shares during the period. MercadoLibre accounts for about 0.6% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 24th largest holding. Robeco Institutional Asset Management B.V.’s holdings in MercadoLibre were worth $400,194,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Key Financial Inc bought a new stake in MercadoLibre during the 1st quarter valued at about $25,000. GW&K Investment Management LLC bought a new stake in MercadoLibre during the 1st quarter valued at about $25,000. Close Asset Management Ltd increased its stake in MercadoLibre by 366.7% during the 1st quarter. Close Asset Management Ltd now owns 14 shares of the company’s stock valued at $27,000 after purchasing an additional 11 shares in the last quarter. Highline Wealth Partners LLC increased its stake in MercadoLibre by 366.7% during the 2nd quarter. Highline Wealth Partners LLC now owns 14 shares of the company’s stock valued at $37,000 after purchasing an additional 11 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in MercadoLibre by 650.0% during the 1st quarter. Brooklyn Investment Group now owns 15 shares of the company’s stock valued at $29,000 after purchasing an additional 13 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

MercadoLibre Stock Performance

Shares of MELI stock opened at $2,176.91 on Thursday. The company has a 50 day moving average price of $2,388.98 and a 200-day moving average price of $2,339.49. MercadoLibre, Inc. has a 52 week low of $1,646.00 and a 52 week high of $2,645.22. The firm has a market capitalization of $110.37 billion, a PE ratio of 53.76, a P/E/G ratio of 1.52 and a beta of 1.46. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61.

MercadoLibre (NASDAQ:MELI) last announced its quarterly 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). The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter 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 year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Cantor Fitzgerald raised their price objective on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Benchmark restated a “buy” rating and set a $2,875.00 price objective on shares of MercadoLibre in a research note on Tuesday, August 5th. Scotiabank assumed coverage on shares of MercadoLibre in a research note on Monday, July 28th. They set a “sector outperform” rating and a $3,500.00 price objective for the company. Barclays reduced 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 research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,828.33.

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.