Munro Partners Acquires 1,790 Shares of MercadoLibre, Inc. $MELI

Munro Partners lifted its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 80.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,025 shares of the company’s stock after purchasing an additional 1,790 shares during the quarter. Munro Partners’ holdings in MercadoLibre were worth $9,406,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Lavaca Capital LLC boosted its holdings in shares of MercadoLibre by 140,201.3% in the second quarter. Lavaca Capital LLC now owns 1,066,290 shares of the company’s stock valued at $2,786,888,000 after buying an additional 1,065,530 shares during the period. Norges Bank bought a new stake in MercadoLibre in the 2nd quarter valued at $698,848,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in MercadoLibre by 304.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 255,103 shares of the company’s stock worth $666,744,000 after purchasing an additional 192,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in MercadoLibre by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 550,433 shares of the company’s stock worth $1,073,823,000 after purchasing an additional 96,283 shares during the period. Finally, Durable Capital Partners LP increased its holdings in MercadoLibre by 155.3% during the 2nd quarter. Durable Capital Partners LP now owns 147,984 shares of the company’s stock worth $386,775,000 after purchasing an additional 90,026 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

MercadoLibre Stock Performance

NASDAQ MELI opened at $1,995.07 on Wednesday. The firm has a market capitalization of $101.15 billion, a P/E ratio of 48.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.42. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average price is $2,091.21 and its two-hundred day moving average price is $2,283.84. MercadoLibre, Inc. has a 1 year low of $1,693.01 and a 1 year high of $2,645.22.

MercadoLibre (NASDAQ:MELI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $8.32 earnings per share for the quarter, missing the consensus estimate of $9.88 by ($1.56). MercadoLibre had a return on equity of 39.03% and a net margin of 7.93%.The firm had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the firm earned $7.83 earnings per share. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, research analysts anticipate that MercadoLibre, Inc. will post 43.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MELI. BTIG Research restated a “buy” rating and issued a $2,750.00 price target on shares of MercadoLibre in a report on Thursday, December 4th. Dbs Bank upgraded MercadoLibre from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Susquehanna reduced their price target on MercadoLibre from $2,975.00 to $2,900.00 and set a “positive” rating for the company in a research report on Monday, October 13th. Citigroup lowered their price objective on shares of MercadoLibre from $2,850.00 to $2,700.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of MercadoLibre in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,842.94.

Insider Buying and Selling at MercadoLibre

In related news, Director Stelleo Tolda sold 246 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $2,047.88, for a total transaction of $503,778.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total value of $91,231.65. Following the completion of the sale, the director owned 257 shares in the company, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,136 shares of company stock worth $2,308,788 over the last 90 days. Company insiders own 0.25% of the company’s stock.

About MercadoLibre

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.