Banco Santander S.A. Has $7.19 Million Stock Holdings in MercadoLibre, Inc. $MELI

by · The Cerbat Gem

Banco Santander S.A. grew its position in MercadoLibre, Inc. (NASDAQ:MELI – Free Report) by 0.2% during the 2nd quarter, Holdings Channel reports. The firm owned 2,752 shares of the company’s stock after purchasing an additional 6 shares during the quarter. Banco Santander S.A.’s holdings in MercadoLibre were worth $7,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC raised its holdings in shares of MercadoLibre by 8.4% in the second quarter. Ashton Thomas Private Wealth LLC now owns 309 shares of the company’s stock valued at $808,000 after buying an additional 24 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of MercadoLibre in the second quarter valued at about $5,862,000. Nisa Investment Advisors LLC raised its holdings in shares of MercadoLibre by 143.9% in the second quarter. Nisa Investment Advisors LLC now owns 717 shares of the company’s stock valued at $1,874,000 after buying an additional 423 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of MercadoLibre by 31.0% in the second quarter. Resonant Capital Advisors LLC now owns 148 shares of the company’s stock valued at $387,000 after buying an additional 35 shares during the last quarter. Finally, Atlatl Advisers LLC bought a new position in shares of MercadoLibre in the second quarter valued at about $335,000. 87.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MELI shares. JPMorgan Chase & Co. cut their price target on MercadoLibre from $2,700.00 to $2,600.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Benchmark reaffirmed a “buy” rating and issued a $2,875.00 price target on shares of MercadoLibre in a report on Tuesday, October 21st. Daiwa Capital Markets began coverage on MercadoLibre in a report on Friday, August 1st. They issued a “buy” rating and a $3,000.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $2,800.00 price objective on shares of MercadoLibre in a research report on Tuesday, August 5th. Finally, Cantor Fitzgerald lifted their price objective on MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2,799.12.

Read Our Latest Research Report on MercadoLibre

MercadoLibre Price Performance

Shares of MELI stock opened at $2,282.32 on Tuesday. The stock has a 50-day moving average price of $2,314.00 and a 200 day moving average price of $2,364.20. The company has a quick ratio of 1.18, a current ratio of 1.20 and a debt-to-equity ratio of 0.61. The firm has a market cap of $115.71 billion, a price-to-earnings ratio of 56.37, a PEG ratio of 1.47 and a beta of 1.46. MercadoLibre, Inc. has a 12 month low of $1,646.00 and a 12 month high of $2,645.22.

MercadoLibre (NASDAQ:MELI – Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $10.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.MercadoLibre’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.48 earnings per share. Research analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current year.

MercadoLibre Company Profile

(Free Report)

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.

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