44,330 Shares in MercadoLibre, Inc. $MELI Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in MercadoLibre, Inc. (NASDAQ:MELI) in the second quarter, HoldingsChannel reports. The fund bought 44,330 shares of the company’s stock, valued at approximately $75,245,000.

Several other large investors also recently modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in shares of MercadoLibre in the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC acquired a new position in shares of MercadoLibre in the fourth quarter valued at approximately $26,000. Purpose Unlimited Inc. bought a new stake in shares of MercadoLibre during the fourth quarter worth $28,000. Wedbush Fund Advisers LLC acquired a new stake in shares of MercadoLibre during the second quarter worth $29,000. Finally, Darwin Wealth Management LLC bought a new stake in MercadoLibre in the 2nd quarter valued at $29,000. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MELI. Citigroup upped their target price on shares of MercadoLibre from $1,950.00 to $2,000.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Daiwa Securities Group cut MercadoLibre from a “buy” rating to a “hold” rating and set a $1,800.00 price objective for the company. in a research report on Friday, May 8th. Scotiabank decreased their price objective on MercadoLibre from $3,500.00 to $2,800.00 and set a “sector outperform” rating for the company in a report on Thursday, May 7th. Barclays dropped their target price on MercadoLibre from $2,500.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Finally, Raymond James Financial set a $2,000.00 target price on MercadoLibre in a research note on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,272.00.

MercadoLibre Stock Down 1.0%

Shares of MELI stock opened at $1,930.75 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. MercadoLibre, Inc. has a 1 year low of $1,495.00 and a 1 year high of $2,548.50. The firm’s fifty day moving average price is $1,817.82 and its two-hundred day moving average price is $1,771.00. The firm has a market capitalization of $97.88 billion, a P/E ratio of 52.51, a PEG ratio of 1.34 and a beta of 1.34.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $9.19 EPS for the quarter, topping analysts’ consensus estimates of $8.65 by $0.54. The company had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.79 billion. MercadoLibre had a net margin of 5.30% and a return on equity of 26.54%. The company’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period in the prior year, the business posted $10.31 EPS. On average, equities analysts predict that MercadoLibre, Inc. will post 39.11 EPS for the current fiscal year.

MercadoLibre Company Profile

MercadoLibre, Inc operates an integrated e-commerce and fintech ecosystem serving consumers and businesses across Latin America. The company provides an online marketplace that connects buyers and sellers for a wide range of goods and services, supported by tools for merchants, advertising, and classifieds. Over time MercadoLibre has expanded beyond its marketplace roots into complementary areas that support digital commerce end to end.

Key offerings include its marketplace platform and a suite of logistics and payment services.