XTX Topco Ltd Purchases 39 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

XTX Topco Ltd grew its position in MercadoLibre, Inc. (NASDAQ:MELI) by 8.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 492 shares of the company’s stock after purchasing an additional 39 shares during the quarter. XTX Topco Ltd’s holdings in MercadoLibre were worth $809,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. O Dell Group LLC boosted its stake in MercadoLibre by 2.1% during the first quarter. O Dell Group LLC now owns 294 shares of the company’s stock worth $445,000 after acquiring an additional 6 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in MercadoLibre by 1.0% during the second quarter. Belpointe Asset Management LLC now owns 618 shares of the company’s stock worth $1,016,000 after acquiring an additional 6 shares in the last quarter. Hilltop National Bank boosted its stake in MercadoLibre by 14.3% during the second quarter. Hilltop National Bank now owns 56 shares of the company’s stock worth $92,000 after acquiring an additional 7 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in MercadoLibre by 5.1% during the second quarter. Contravisory Investment Management Inc. now owns 143 shares of the company’s stock worth $235,000 after acquiring an additional 7 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in MercadoLibre by 0.9% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 752 shares of the company’s stock worth $1,294,000 after acquiring an additional 7 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ MELI opened at $2,103.75 on Monday. MercadoLibre, Inc. has a 52-week low of $1,141.04 and a 52-week high of $2,157.64. The company has a 50-day simple moving average of $1,899.17 and a 200 day simple moving average of $1,692.71. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.26 and a current ratio of 1.28. The company has a market capitalization of $106.65 billion, a PE ratio of 94.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.61.

MercadoLibre (NASDAQ:MELI) last posted its quarterly earnings data on Thursday, August 1st. The company reported $10.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.53 by $1.95. MercadoLibre had a net margin of 8.03% and a return on equity of 43.52%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the company posted $5.16 earnings per share. The firm’s quarterly revenue was up 41.5% compared to the same quarter last year. On average, research analysts predict that MercadoLibre, Inc. will post 35.22 EPS for the current year.

Wall Street Analysts Forecast Growth

MELI has been the topic of several research analyst reports. StockNews.com lowered shares of MercadoLibre from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Susquehanna raised their price objective on shares of MercadoLibre from $2,300.00 to $2,350.00 and gave the company a “positive” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their price objective on shares of MercadoLibre from $2,150.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Bank of America raised their price objective on shares of MercadoLibre from $2,250.00 to $2,500.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group raised their price objective 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. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,207.31.

MercadoLibre Company 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.