Lbp Am Sa Has $49.67 Million Holdings in MercadoLibre, Inc. $MELI

Lbp Am Sa increased its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 5.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,256 shares of the company’s stock after purchasing an additional 1,122 shares during the period. Lbp Am Sa’s holdings in MercadoLibre were worth $49,674,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its stake in shares of MercadoLibre by 100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 16 shares of the company’s stock worth $37,000 after acquiring an additional 8 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in MercadoLibre by 1,189.4% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,457 shares of the company’s stock worth $3,405,000 after purchasing an additional 1,344 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in MercadoLibre by 5.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,270 shares of the company’s stock worth $2,759,000 after purchasing an additional 67 shares during the period. Whittier Trust Co. grew its holdings in MercadoLibre by 10.8% during the third quarter. Whittier Trust Co. now owns 2,419 shares of the company’s stock valued at $5,256,000 after purchasing an additional 236 shares during the last quarter. Finally, Cheviot Value Management LLC grew its holdings in MercadoLibre by 2,000.0% during the third quarter. Cheviot Value Management LLC now owns 21 shares of the company’s stock valued at $48,000 after purchasing an additional 20 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stelleo Tolda sold 246 shares of MercadoLibre stock in a transaction that occurred on Tuesday, December 9th. The shares were 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 accessible through this hyperlink. Also, Director Emiliano Calemzuk sold 45 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $2,027.37, for a total transaction of $91,231.65. Following the completion of the transaction, the director directly owned 257 shares of the company’s stock, valued at approximately $521,034.09. This trade represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,136 shares of company stock valued at $2,308,788. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

MELI has been the subject of a number of research analyst reports. Zacks Research lowered shares of MercadoLibre from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Susquehanna cut their price objective 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. UBS Group dropped their price target on MercadoLibre from $3,000.00 to $2,900.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. BTIG Research reissued a “buy” rating and issued a $2,750.00 price objective on shares of MercadoLibre in a research report on Thursday, December 4th. Finally, 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 research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MercadoLibre has a consensus rating of “Moderate Buy” and a consensus price target of $2,842.94.

MercadoLibre Stock Performance

MercadoLibre stock opened at $2,137.29 on Monday. The stock has a 50-day simple moving average of $2,051.07 and a 200 day simple moving average of $2,221.36. The stock has a market capitalization of $108.36 billion, a price-to-earnings ratio of 52.15, a P/E/G ratio of 1.06 and a beta of 1.42. MercadoLibre, Inc. has a 12-month low of $1,723.90 and a 12-month high of $2,645.22. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.55.

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

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.