Boston Common Asset Management LLC Acquires 1,171 Shares of MercadoLibre, Inc. $MELI

Boston Common Asset Management LLC increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 25.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,837 shares of the company’s stock after purchasing an additional 1,171 shares during the quarter. Boston Common Asset Management LLC’s holdings in MercadoLibre were worth $15,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MELI. Ninety One North America Inc. boosted its position in MercadoLibre by 21.5% during the 2nd quarter. Ninety One North America Inc. now owns 6,094 shares of the company’s stock valued at $15,927,000 after acquiring an additional 1,080 shares in the last quarter. Banco Santander S.A. boosted its position in MercadoLibre by 221.9% during the 1st quarter. Banco Santander S.A. now owns 2,746 shares of the company’s stock valued at $5,357,000 after acquiring an additional 1,893 shares in the last quarter. Stratos Investment Management LLC bought a new stake in MercadoLibre during the 1st quarter valued at approximately $203,000. Bosman Wealth Management LLC boosted its position in MercadoLibre by 88.5% during the 2nd quarter. Bosman Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $2,616,000 after acquiring an additional 470 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new stake in MercadoLibre during the 1st quarter valued at approximately $439,000. 87.62% of the stock is owned by institutional investors.

MercadoLibre Price Performance

Shares of MELI opened at $2,172.75 on Friday. The firm has a market cap of $110.16 billion, a PE ratio of 53.66, a P/E/G ratio of 1.44 and a beta of 1.46. The company has a current ratio of 1.20, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $2,382.29 and a two-hundred day simple moving average of $2,343.55. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last announced its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing analysts’ consensus estimates of $12.01 by ($1.70). The company had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.57 billion. MercadoLibre had a net margin of 8.52% and a return on equity of 43.06%. MercadoLibre’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.48 earnings per share. On average, equities analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MELI. Susquehanna reaffirmed a “positive” rating and set a $2,975.00 price objective (up from $2,840.00) on shares of MercadoLibre in a research report on Thursday, June 26th. Benchmark reaffirmed a “buy” rating and set a $2,875.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Wall Street Zen cut MercadoLibre from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Citigroup lowered their target price on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a “buy” rating for the company in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,822.78.

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.